I never understand the $10,000 question? Who has that much in cash on them? But technically, if you think about it, with credit card limits most of us have a heck of a lot more? So really, if we wanted significant 'buying power' we have it don't we??
We own property in Fla and have owned a couple of properties before..they always seem to want details of that over and over when we cross at the border but never at Pearson. Weird.
Well asking if we have $10K isn't proof that in fact we have any let alone enough? They aren't verifying anything..and as I said...most of us have enough in available credit should we want to stick around!
However, I'd say the 10 000$ rule is more about cash, probably because of money laundering issues. Transactions on bank account are more easily traceable, because once it is in the system, it is "clean". Even it if crosses the border virtually! So your money is not cause for concern. They do care a lot when you deposit hard cash at the bank however. If you deposit a large amount, the cashier HAS to ask you where it comes from. And if you try to finagle by doing small regular deposits under the limit, it will eventually trigger something in the bank system, because, let's face it, they've thought about it!
