Earnings in Canada
Moderator: Mark T Serbinski CA CPA
Earnings in Canada
Can a US citizen residing in Canada earn income from a Canadian employer in US dollars or a combination of US/Canadian? How would that effect withholding and taxes?
The currency one is paid in has absolutely no bearing on taxation, withholding, or anything else.
You are an employee, subject to witholding, as is your Cdn employer suject to remitting withholding, at the rate prescribed by the government.
You are an employee, subject to witholding, as is your Cdn employer suject to remitting withholding, at the rate prescribed by the government.
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