Reader Mailbag: Canadian Money
A reader wrote:
I have a question about working from home. Can you work from home for a company based in Canada and you live in say like US (Florida). How does the currency work? Can they pay you by check like most US companies are is their a difference? I seen where their was a lady that works in Seattle but live in Canada so I am curious. I company from Canada has contacted me to work at home but I not sure I they can pay me?
I’m not an accountant and this isn’t professional advice, but, I regularly receive a check from a couple of Canadian companies for advertising, and one of them sends me a check in Canadian dollars, while the other pays me in American dollars. I’ve never had a problem cashing either of the checks — though they both take longer than domestic checks to process — at least a week, typically.
As for taxes, I just claim the income from their payments like any other income.
Photo by rick.
Jaclyn on October 23rd, 2008 1:52 pm
That is a very interesting question, I had never thought about that when working from home. With companies all over the world offering work from home jobs, i’m surprised that this question hasn’t come up sooner all over the internet. It is good to know however that someone has received payment from canada in both forms and hasn’t had a problem cashing the checks or filing the income on their taxes.
cassy on October 23rd, 2008 10:25 pm
Indeed interesting question, I remember I have a boss before in Canada and I am in Asia so what I did is… I suggest him to send the payment tru xoom.com or westernunion as I receive the money in just a minute or an hour not a week like paycheck kinda hassle for me.
jaeda on February 23rd, 2009 10:20 pm
yeah, there are so many ways to send moneys nowadays even if your in a different places… you can send the money thou atm, western union any of that..
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