Exchange US $ for CAN $

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

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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
nelsona
Posts: 18359
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.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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