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Do I need to file a large cash transaction report when the amount received in cash exceeds $10,000 but only does so because of taxes (GST, HST, PST) applied on the purchased item?

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Do I need to file a large cash transaction report when the amount received in cash exceeds $10,000 but only does so because of taxes (GST, HST, PST) applied on the purchased item?

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Anytime you receive a sum of $10,000 or more in cash, you must report the transaction to FINTRAC regardless of whether it includes taxes or other fees.

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