This tag is to be used for any question related to Canadian Dollar (CAD) currency.
This tag is to be used for any question related to Canadian Dollar (CAD) currency.
Questions tagged [cad-canadian-dollar]
23 questions
7
votes
3 answers
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 is 50 Canadian dollars.
1 ounce of gold is…
rapt
- 475
- 5
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4
votes
3 answers
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 buy any U.S. stocks at this time.
From my…
JimmyJazzx
- 143
- 1
- 5
4
votes
2 answers
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 month and they wire the amount to my Canadian bank…
smithkm
- 159
- 7
4
votes
1 answer
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, the amount taken for conversion fees is quite…
canadiancreed
- 380
- 1
- 8
4
votes
1 answer
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 tax free in India for NRE account, but when I…
Victor123
- 16,084
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4
votes
0 answers
Canadian parent gifting adult child in the US
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 Canadian parents wishes to gift her money. We know…
Gary Milne Rojek
- 41
- 1
3
votes
3 answers
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 strategies for converting CAD -> Euros will help me…
sabbatical
- 33
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2
votes
0 answers
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 money at the moment due to the poor CAD to USD…
MovingSourth
- 21
- 3
2
votes
2 answers
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,
could I see bid and ask prices (even if no one…
user1731
2
votes
1 answer
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 dollars. How do I buy the item?
Edit: I forgot to…
Riley Potts
- 51
- 1
- 1
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2
votes
3 answers
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 how the low CAD affects my investments in…
Nat
- 21
- 1
2
votes
1 answer
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 ), is it legal to use my online brokerage like…
Victor123
- 16,084
- 40
- 133
- 234
1
vote
1 answer
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-the-top?
Also imagine if I was married and my wife…
SourceVisor
- 111
- 3
1
vote
1 answer
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
- 16,084
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1
vote
1 answer
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 and charge me USD in the end?
For example: The…
shep
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