Personal Finance Canada

1187 readers

1 users here now

Come and discuss anything related to personal finance, directly or indirectly, with other Canadians!

founded 1 year ago

MODERATORS

submitted 1 year ago by [email protected] to c/[email protected]

23 comments fedilink hide all child comments

I did a short contract with an entity in the US and am trying to figure out how they can pay me. I have a business and a Canadian business account.

Is there a recommended low risk/effort service I should use? I am in Ontario if that matters.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 6 points 1 year ago (1 children)

I've used e-transfer, PayPal, and Wise (formerly TransferWise) and they all work. I'm a bigger fan if wise since the conversion fees are the lowest.

You should not charge tax since its a US company and you don't owe hst on that work (still need to for income tax though obviously).

Haven't used a business account before so I can't speak to the pros and cons of that approach

[–] [email protected] 1 points 1 year ago

Thanks, especially for the tip on not charging tax. I should do that for my Canadian clients.