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Questions tagged [cad-canadian-dollar]

This tag is to be used for any question related to Canadian Dollar (CAD) currency.

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CAD-denominated investments from the US [closed]

I am a Canadian resident in the US who is not a resident/tax resident of Canada. I find myself sitting on some excess CAD. I would like to invest it into a CAD-denominated asset instead of converting ...
dshkol's user avatar
  • 111
1 vote
0 answers
39 views

Is the Exchange Traded Fund XQQ (iShares NASDAQ 100) only traded in Canadian dollars?

I am looking to invest in Canadian dollars via my Canadian bank, and I found the ETF XQQ. If it says 91.87 CAD, does that mean it is traded in Canadian dollars at $91.87 CAD per share? I'm curious ...
Simon Suh's user avatar
  • 153
1 vote
2 answers
7k views

Wire transfer to an intermediary bank account

I sent money from a bank that doesn't have a space for intermediary bank, so I put the intermediary bank statement information where the beneficiary bank information is supposed to be. I don't know ...
Stanley's user avatar
  • 21
0 votes
2 answers
3k views

Best/Least expensive way to cash a Canadian check in the US?

I live in the US, and I recently took a vacation in Canada. My flight home was oversold, and I was stuck at the airport for several hours. The airline is required to send me a check for 2400 Canadian ...
brownbelt25's user avatar
4 votes
0 answers
152 views

Canadian parent gifting adult child in the US [duplicate]

My wife was born in Canada but now has her US citizenship and resides with me in the US. She still has Canadian Citizenship but, as you know, the US does not recognize dual citizenship. One of her ...
Gary Milne Rojek's user avatar
1 vote
1 answer
98 views

What would be a financially intelligent rental cost to bear if you earn $90000CAD annually in Toronto?

Imagine if I earned $90000CAD annually (before Tax) in Toronto, what would be the most financially sensible maximum rental cost to bear? Would renting a house for $2500CAD monthly be somewhat over-...
SourceVisor's user avatar
6 votes
3 answers
5k views

Is the Canadian Gold Maple Leaf actually used as legal tender?

How could it be that this gold coin was created as legal tender when its gold content value is much higher than its face value? https://en.wikipedia.org/wiki/Canadian_Gold_Maple_Leaf The face value ...
rapt's user avatar
  • 465
1 vote
1 answer
24k views

Ordering from Canada, charged in CAD or USD?

I am thinking about ordering something from a website based in Canada and I live in the U.S. I am just wondering if I order from them, will I be paying the listed price in CAD or USD? Will it convert ...
shep's user avatar
  • 13
2 votes
0 answers
68 views

Moving to the US from Canada - what are the tax implications from both ends on CAD saving account?

I am planning on moving the US as a result of my work most likely using TN. I'll be selling my primary residence and will put the money in a saving account at a Canadian bank. I don't want to use this ...
MovingSourth's user avatar
1 vote
2 answers
1k views

What are the options to transfer USD to CAD from within Canada?

I have a USD account with Bank A in Canada. I have a CAD account with Bank B in Canada. I would like to transfer USD money from Bank A to Bank B as CAD. What are the options available to do this ...
Maximus's user avatar
  • 273
-1 votes
2 answers
74 views

Would I be taxed on a long term currency exchange?

Recently, USD has been doing really well. I've been considering moving a bunch of money into CAD, to use when I visit there or if I ever move back in the future. It seems likely to me that by the ...
NathanTempelman's user avatar
2 votes
1 answer
34k views

Buying something online in canadian dollars with us dollars

I want to buy something online that only accepts canadian dollars and also paypal(but I want to try not to have to use that). It shows the credit card that I have but the price is listed in canadian ...
Riley Potts's user avatar
2 votes
3 answers
756 views

Does the low CAD positively or negatively impact Canadian Investors?

I'm interested in getting into investing, but I have a limited amount of business experience. I plan on putting a small amount of money on the market just to see how it goes. I don't quite understand ...
Nat's user avatar
  • 21
4 votes
3 answers
7k views

Investing while the Canadian dollar is really low

I have just started to get into investing now that I have a steady job, pension plan, government bonds, and good savings. With the Canadian dollar being close to $0.70 USD, it seems like a waste to ...
JimmyJazzx's user avatar
1 vote
1 answer
8k views

Should I convert some of my money into US dollars now when the rate is low?

If I think the Canadian dollar is quote low, and I have a bank account in US dollars, would you suggest that I put a few thousands of CAD in that account?
Steve Darry's user avatar
0 votes
4 answers
435 views

How to avoid/limit currency exchange fees?

I live in the US, work in the US, and have a US bank account (Wells Fargo). I've often been travelling into Canada as of late, and I find the conversion fees are quite expensive when I use my credit ...
DoubleDouble's user avatar
2 votes
1 answer
169 views

Using the online broker as a currency converter

As a Canadian citizen who often needs to change back and forth between CAD and USD, the common options are usually the banks and the airports. To save on high conversion fees (a.k.a wide spreads ), ...
Victor123's user avatar
  • 16k
4 votes
2 answers
1k views

How should I record invoices in foreign currency in GNUCash?

I'm a Canadian living in Canada and I've recently started a new contract with a client in the US. My previous contract specified payment in CAD while my new contract is in USD. I invoice once a ...
smithkm's user avatar
  • 159
4 votes
1 answer
238 views

How to save money on currency conversion

I do business with a few companies in the United States, and as such, get paid in US currency for my services. I have a US account with my bank, but anytime that I make withdrawals from this account, ...
canadiancreed's user avatar
4 votes
1 answer
3k views

Do I pay tax if I convert INR to CAD to use in Canada

If as a Canadian resident, I hold an NRE account with an Indian bank and i transfer money earned in CAD to this account. The I earn interest in rupees and want to transfer back to CAD. The interest is ...
Victor123's user avatar
  • 16k
3 votes
3 answers
6k views

When is the right time to convert Canadian dollars to Euros during a sabbatical abroad?

I'm planning a one-year sabbatical in Europe, starting in January 2012. I have a year's worth of expenses saved in Canadian dollars. I'll need euros for day-to-day transactions while abroad. What ...
sabbatical's user avatar
1 vote
1 answer
121 views

What is the effect of a high dollar on the Canadian economy, investors, and consumers?

Is a high dollar good or bad for the Canadian economy? Are investors affected differently from consumers because of this?
Victor123's user avatar
  • 16k
2 votes
2 answers
183 views

Are weekly CAD/USD options untradeable?

As below, cmegroup.com seems to indicate that CADUSD weekly options (expiring 25 Mar 2011) have absolutely no volume or pricing. Does this mean they're impossible to trade? Or, if I had a broker, ...
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