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Cross-border Currency and Monetary Instruments Reporting Regulations (SOR/2002-412)

Regulations are current to 2020-06-17

AMENDMENTS NOT IN FORCE

  • — SOR/2019-240, s. 50

      • 50 (1) Paragraph (b) of the definition effets in subsection 1(1) of the French version of the Cross-border Currency and Monetary Instruments Reporting RegulationsFootnote 3 is replaced by the following:

        • b) les titres négociables, y compris les traites bancaires, les chèques, les billets à ordre, les chèques de voyage et les mandats-poste, à l’exclusion des certificats d’entrepôt et des connaissements.

      • (2) The definitions agent de transfert and moyen de transport non commercial de passagers in subsection 1(2) of the French version of the Regulations are replaced by the following:

        transfer agent

        agent de transfert Personne ou entité nommée par une personne morale pour tenir les comptes en ce qui a trait aux détenteurs d’actions, de débentures et de bons, annuler et émettre des certificats et expédier les chèques de dividendes. (transfer agent)

        non-commercial passenger conveyance

        moyen de transport non commercial de passagers S’entend du moyen de transport qui ne transporte pas de passagers moyennant paiement, y compris l’aéronef d’affaires, l’aéronef privé et l’embarcation de plaisance. (non-commercial passenger conveyance)

      • (3) Subsection 1(2) of the Regulations is amended by adding the following in alphabetical order:

        currency

        currency means coins referred to in section 7 of the Currency Act, notes issued by the Bank of Canada under the Bank of Canada Act that are intended for circulation in Canada or coins or bank notes of countries other than Canada. (espèces)

  • — SOR/2019-240, s. 51

    • 51 Section 2 of the Regulations is replaced by the following:

        • 2 (1) For the purposes of subsection 12(1) of the Act, the prescribed amount is $10,000.

        • (2) The amount is in Canadian dollars, or in its equivalent in a foreign currency using

          • (a) the exchange rate that is published by the Bank of Canada for that foreign currency and that is in effect at the time of the importation or exportation; or

          • (b) if no exchange rate is published by the Bank of Canada for that foreign currency, the exchange rate that the person or entity would use in the ordinary course of business at the time of the importation or exportation.

  • — SOR/2019-240, s. 52

    • 52 The heading before section 3 of the English version of the Regulations is replaced by the following:

      Manner of Reporting

  • — SOR/2019-240, s. 53

      • 53 (1) The portion of paragraph 3(b) of the French version of the Regulations before subparagraph (i) is replaced by the following:

        • b) comporter les renseignements prévus aux annexes suivantes :

      • (2) Subparagraphs 3(b)(i) to (iv) of the Regulations are replaced by the following:

        • (i) in Schedule 1, in the case of a report made by the person described in paragraph 12(3)(a) of the Act, if that person is not transporting on behalf of an entity or other person,

        • (ii) in Schedule 2, in the case of a report made by the person described in paragraph 12(3)(a) of the Act, if that person is transporting on behalf of an entity or other person,

        • (iii) in Schedule 2, in the case of a report made by the person or entity described in paragraph 12(3)(b), (c) or (e) of the Act, and

        • (iv) in Schedule 3, in the case of a report made by the person described in paragraph 12(3)(d) of the Act;

  • — SOR/2019-240, s. 54

    • 54 The Regulations are amended by adding the following after section 3:

      • 3.1 For greater certainty, although items in Schedules 1 to 3 are described in the singular, a person or entity shall report all known information that falls within an item.

  • — SOR/2019-240, s. 55

    • 55 Schedule 1 to the Regulations is amended by replacing the references after the heading “SCHEDULE 1” with the following:

      (Subparagraph 3(b)(i), section 3.1 and paragraphs 4(3)(a) and (3.1)(a))
  • — SOR/2019-240, s. 56

    • 56 The heading of Part A of Schedule 1 to the Regulations is replaced by the following:

      Information with Respect to Person Described in Paragraph 12(3)(a) of Act

  • — SOR/2019-240, s. 57

    • 57 Items 1 and 2 of Part A of Schedule 1 to the Regulations are replaced by the following:

      • 1 
        Person’s name
      • 2 
        Person’s permanent address
  • — SOR/2019-240, s. 58

    • 58 Items 5 to 7 of Part A of Schedule 1 to the Regulations are replaced by the following:

      • 5 
        Person’s telephone number
      • 6 
        Type of document or other information used to identify person and number of document or number associated with information
      • 7 
        Jurisdiction and country of issue of document or other information
  • — SOR/2019-240, s. 59

    • 59 Part B of Schedule 1 to the Regulations is amended by adding the following after item 2:

      • 3 
        Person’s transit points (country, city)
      • 4 
        Person’s dates of travel
  • — SOR/2019-240, s. 60

    • 60 Part C of Schedule 1 to the Regulations is replaced by the following:

      PART CInformation with Respect to Each Currency That Is Imported or Exported

      • 1 
        Type of currency
      • 2 
        Issuing country or jurisdiction
      • 3 
        Amount of currency
      • 4 
        Purpose of importation or exportation

      PART DInformation with Respect to Each Monetary Instrument That Is Imported or Exported

      • 1 
        Type of monetary instrument
      • 2 
        Value of monetary instrument
      • 3 
        Issuer of monetary instrument
      • 4 
        Date of issuance of monetary instrument
      • 5 
        Serial number or other number that identifies monetary instrument
  • — SOR/2019-240, s. 61

    • 61 Schedule 2 to the Regulations is amended by replacing the references after the heading “SCHEDULE 2” with the following:

      (Subparagraphs 3(b)(ii) and (iii), section 3.1 and paragraphs 4(3)(a) and (3.1)(a))
  • — SOR/2019-240, s. 62

    • 62 The heading of Schedule 2 to the French version of the Regulations is replaced by the following:

      Renseignements à fournir par la personne visée à l’alinéa 12(3)a) de la Loi (si elle transporte les espèces ou les effets pour le compte d’une entité ou d’une autre personne) ou par la personne ou entité visée aux alinéas 12(3)b), c) ou e) de la Loi

  • — SOR/2019-240, s. 63

    • 63 The heading of Part A of Schedule 2 to the Regulations is replaced by the following:

      Information with Respect to Person on Whose Behalf Person Described in Paragraph 12(3)(a) of Act Is Transporting or with Respect to Person Described in Paragraph 12(3)(b), (c) or (e) of Act

  • — SOR/2019-240, s. 64

    • 64 Items 1 and 2 of Part A of Schedule 2 to the Regulations are replaced by the following:

      • 1 
        Person’s name
      • 2 
        Person’s permanent address
  • — SOR/2019-240, s. 65

    • 65 Items 5 to 7 of Part A of Schedule 2 to the Regulations are replaced by the following:

      • 5 
        Person’s telephone number
      • 6 
        Type of document or other information used to identify person and number of document or number associated with information
      • 7 
        Jurisdiction and country of issue of document or other information
  • — SOR/2019-240, s. 66

    • 66 The heading of Part B of Schedule 2 to the Regulations is replaced by the following:

      Information with Respect to Entity on Whose Behalf Person Described in Paragraph 12(3)(a) of Act Is Transporting or with Respect to Entity Described in Paragraph 12(3)(b) or (c) of Act

  • — SOR/2019-240, s. 67

    • 67 Items 1 and 2 of Part B of Schedule 2 to the Regulations are replaced by the following:

      • 1 
        Entity’s name
      • 2 
        Entity’s permanent address
  • — SOR/2019-240, s. 68

    • 68 Items 4 and 5 of Part B of Schedule 2 to the Regulations are replaced by the following:

      • 4 
        Jurisdiction and country of registration or incorporation
      • 5 
        Nature of entity’s principal business
      • 6 
        Name and title of entity’s contact person
  • — SOR/2019-240, s. 69

    • 69 The heading of Part C of Schedule 2 to the Regulations is replaced by the following:

      Information with Respect to Importation or Exportation

  • — SOR/2019-240, s. 70

    • 70 Items 3 to 7 of Part C of Schedule 2 to the Regulations are replaced by the following:

      • 3 
        Name and permanent address of person or entity shipped to and from, including information on intermediaries, if applicable
      • 4 
        Courier’s name
      • 5 
        Courier’s permanent address
      • 6 
        Courier’s telephone number
      • 7 
        Name and title of courier’s contact person
      • 8 
        For importation, person or entity that is ultimate origin of currency or monetary instrument
      • 9 
        For exportation, person or entity that is ultimate destination of currency or monetary instrument
      • 10 
        Departure point of currency or monetary instrument (country, city)
      • 11 
        Arrival point of currency or monetary instrument (country, city)
      • 12 
        Transit points of currency or monetary instrument (country, city)
      • 13 
        Purpose of importation or exportation
  • — SOR/2019-240, s. 71

    • 71 The heading of Part D of Schedule 2 to the Regulations is replaced by the following:

      Information with Respect to Person Described in Paragraph 12(3)(a) of Act or with Respect to Person Acting on Behalf of Person or Entity Described in Paragraph 12(3)(b), (c) or (e) of Act

  • — SOR/2019-240, s. 72

    • 72 Items 1 and 2 of Part D of Schedule 2 to the Regulations are replaced by the following:

      • 1 
        Person’s name
      • 2 
        Person’s permanent address
  • — SOR/2019-240, s. 73

    • 73 Items 5 to 7 of Part D of Schedule 2 to the Regulations are replaced by the following:

      • 5 
        Person’s telephone number
      • 6 
        Type of document or other information used to identify person and number of document or number associated with information
      • 7 
        Jurisdiction and country of issue of document or other information
      • 8 
        Name and address of person or entity shipped to and from
  • — SOR/2019-240, s. 74

    • 74 Part E of Schedule 2 to the Regulations is replaced by the following:

      PART EInformation with Respect to Each Currency That Is Imported or Exported

      • 1 
        Type of currency
      • 2 
        Issuing country or jurisdiction
      • 3 
        Amount of currency

      PART FInformation with Respect to Each Monetary Instrument That Is Imported or Exported

      • 1 
        Type of monetary instrument
      • 2 
        Value of monetary instrument
      • 3 
        Issuer of monetary instrument
      • 4 
        Date of issuance of monetary instrument
      • 5 
        Serial number or other number that identifies monetary instrument
  • — SOR/2019-240, s. 75

    • 75 Schedule 3 to the Regulations is amended by replacing the references after the heading “SCHEDULE 3” with the following:

      (Subparagraph 3(b)(iv), section 3.1 and paragraphs 4(3)(a) and (3.1)(a))
  • — SOR/2019-240, s. 76

    • 76 The heading of Part A of Schedule 3 to the Regulations is replaced by the following:

      Information with Respect to Person Described in Paragraph 12(3)(d) of Act

  • — SOR/2019-240, s. 77

    • 77 Items 1 and 2 of Part A of Schedule 3 to the Regulations are replaced by the following:

      • 1 
        Person’s name
      • 2 
        Person’s permanent address
  • — SOR/2019-240, s. 78

    • 78 Items 5 to 10 of Part A of Schedule 3 to the Regulations are replaced by the following:

      • 5 
        Person’s telephone number
      • 6 
        Type of document or other information used to identify person and number of document or number associated with information
      • 7 
        Jurisdiction and country of issue of document or other information
      • 8 
        Name of person’s employer
      • 9 
        Employer’s business address
      • 10 
        Employer’s business telephone number
  • — SOR/2019-240, s. 79

    • 79 Item 11 of Part A of Schedule 3 to the French version of the Regulations is replaced by the following:

      • 11 
        Les nom et titre de la personne-ressource de l’employeur
  • — SOR/2019-240, s. 80

    • 80 Part B of Schedule 3 of the Regulations is amended by adding the following after item 3:

      • 4 
        Name and permanent address of person or entity shipped to and from, including information on intermediaries, if applicable
      • 5 
        For importation, person or entity that is ultimate origin of currency or monetary instrument
      • 6 
        For exportation, person or entity that is ultimate destination of currency or monetary instrument
      • 7 
        Departure point of currency or monetary instrument (country, city)
      • 8 
        Arrival point of currency or monetary instrument (country, city)
      • 9 
        Transit points of currency or monetary instrument (country, city)
      • 10 
        Purpose of importation or exportation
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