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    weekend_warrior's Avatar
    weekend_warrior Posts: 9, Reputation: 1
    New Member
    		  
    #1

    Jan 28, 2014, 02:42 PM
    Transferring money from US to Canada
    How much money can I transfer from the United States to a family member in Canada? I was trying to look to see if there is a limit but I would like to transfer a large amount up north while the exchange rate is good.

    Are there any forms I would have to fill out?

    Thanks in advance!

    WW
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 28, 2014, 04:08 PM
    There is no limit that I am aware of, but transfers of $100,000 or more in any single year must be reported using Form 3520.
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