Quote:
Originally Posted by thebigmook
Well thankfully almost all funds (98%) are in USD
|
Well this doesn't much matter to them. You are Canadian so they will take your earning in US dollars and convert them to CDN with the exchange rate for each of those years to get your true income in CDN Dollars for the year and then tax you.
If you left most of your cash flow in USD and now gotta pay with the old exchange rate you are getting hit again. If you converted that cash to Canadian when the rates were $1.3 say then at least for the year your paying at $1.3 your even. If they ding you at $1.3 and your having to exchange your USD to pay it now at 1.04 thats a big difference.