Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

8
Paying Income Tax on USD as a Canadian Citizen
Post Body

Hey all, so I have an online job where I get paid in USD but I live in Canada. The money just comes in USD with no money being reduced for taxes or anything else. My question is, how will I pay taxes on USD income considering the exchange rate constantly changes. For example today I deposited a $895 USD cheque which ended up being $1170 CAD or something. I’m sure another day it could’ve been a lot less or more so how will I pay taxes for this income at the end of the year ? I just signed up for an account to be in USD so it can accumulate over the year but I’m worried that if it accumulated super high, would that be considered my income as well?! I’m just kinda confused.

Author
User Disabled
Account Strength
0%
Disabled 9 months ago
Account Age
3 years
Verified Email
Yes
Verified Flair
No
Total Karma
1,126
Link Karma
490
Comment Karma
623
Profile updated: 5 days ago
Posts updated: 11 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
1 year ago