this post was submitted on 28 Jul 2023
17 points (94.7% liked)

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
 

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
[โ€“] [email protected] 1 points 1 year ago (1 children)

Thanks. It's not a contract with regular payments, just a couple of one time payments, and there's no formal employment agreement (just bulk services agreements), so a PEO doesn't apply here.

Most of my friends living in the US will use Wise or Norbert's Gambit to transfer their funds from the US to Canada because of the better exchange rate.

[โ€“] [email protected] 1 points 1 year ago

I used the US funds account because I got the bank's internal exchange rate when moving the funds.