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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.
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- 1 year ago
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