Exchange US $ for CAN $

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Waters
Posts: 11
Joined: Thu Jan 09, 2014 12:33 am

Exchange US $ for CAN $

Post by Waters »

Working under TN visa in US and be considered as US resident, need to do it to pay bills (for rental and non rental properties) in Canada, two questions,

1. Where is the best place to do it for better exchange rate?

2. Any tax consequences?

Thanks
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

No tax consequences. try to deal with a forex company that wil ltie your US and Cdn bank accounts. That way no need to open a brokergae account in US just for this purpose.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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