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Search: Posts Made By: Surrey Expat
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Forum: Canada
Sep 2nd 2008, 2:15 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Nett rate - After Tax
Gross - Before tax

If 7.5% is paid nett and as a non tax payer you get gross, then the effective rate is quite a lot higher than 7.5%. Might want to check this our for...
Forum: Canada
Sep 1st 2008, 5:02 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

You will also have to deal with currency gain (or loss) on any interest earned then converted to CDN$. Tax is due on interest paid as well as any gain (or offset as a loss) on the currency at the...
Forum: Canada
Aug 31st 2008, 4:51 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Once you become a tax resident in Canada, that is taxed at your marginal rate.
So you don't get to keep it all.
Forum: Canada
Aug 24th 2008, 12:22 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Our GBP account was in Canada, which is what made it silly, we had to go into the branch to do a transfer to Custom House for them to do the exchange, whereas from a UK bank account it can all be...
Forum: Canada
Aug 23rd 2008, 1:19 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

No it will be their market rate (which I have never found to be much). We used to hold and HSBC GBP account and use Custom House for our FX transactions. It was a pain using HSBC, far easier using an...
Forum: Canada
Aug 14th 2008, 12:51 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

If financial analysts knew all the answers and got it right 100% of the time, the worlds financial markets would be way different. That is why we have a futures market and there are fluctuations.
...
Forum: Canada
May 30th 2008, 2:38 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Don't worry about the rate, you cannot do anything about it, just set you goal and watch for it. Custom house are a good firm to consider. You can give them a target rate and they will monitor it for...
Forum: Canada
May 30th 2008, 1:19 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

It is not going to make a whole lot of difference going through £ as you are affected by buy and sell rates and the two are pretty closely tied. Easiest to use an FX house to do the transaction, like...
Forum: Canada
Apr 21st 2008, 2:23 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

They work fine for us, we use them frequently. FX houses are not investment advisor's, what bid you put in is your choice. Never had them make recommendations, they indicate just tell you past...
Forum: Canada
Apr 18th 2008, 3:16 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

You can however transfer you GBP from the HSBC account to Custom House and they do the exchange and likely a better rate.
Forum: Canada
Apr 16th 2008, 5:54 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Give CH a direct debit authority and they will take the money out of the account and deposit in Canadian for no charge.
Forum: Canada
Apr 15th 2008, 2:01 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

We have got fairly good rates from the banks (our account type gets us a bit above the posted rate), however the banks have never beaten the rate we have obtained through our FX dealer. With banks ,...
Forum: Canada
Apr 7th 2008, 10:32 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Nothing forecast this week. I have a bid in with my broker, but it's not looking like I'll get it.
Forum: Canada
Apr 2nd 2008, 6:25 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

The rates I quoted are the Interbank rates, they don't pay those to customers, cheque rate is a couple of pennies under interbank. As a rule Custom House are not far off the bank rate, banks will...
Forum: Canada
Apr 2nd 2008, 3:03 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Conversion Table: GBP to CAD (Interbank rate)

Time period: 03/27/08 to 04/02/08.
Daily averages:
03/27/2008 2.03730
03/28/2008 2.0450
03/29/2008 2.03550
03/30/2008 2.04110

03/31/2008...
Forum: Canada
Mar 14th 2008, 3:27 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Royal Bank were 1.9796 this morning. Could also try Custom House currency exchange. Some banks will hold funds, depends on how long you have been with them and your standing with the institution.
Forum: Canada
Mar 14th 2008, 2:31 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Why not just deposit a UK cheque into a Canadian bank account? Banks have been known to negotiate rates when told what an FX broker has quoted and match it.
Forum: Canada
Oct 20th 2007, 2:58 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Any rental income forms part of your worldwide income, therefore should be declared on your tax return, tax is payable at your marginal rate. Expenses are deductible as well though, including...
Forum: Canada
Oct 18th 2007, 6:31 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Guess your economics class did not teach grammar & spelling eh? Before casting disparaging remarks about others, suggest you look closer to home.
Forum: Canada
Sep 12th 2007, 8:04 pm
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

Conversion Table: GBP to CAD (Interbank rate)

Time period: 09/06/06 to 09/12/07.
Daily averages:
09/06/2006 2.10870
09/07/2006 2.09780
09/08/2006 2.08210
09/09/2006 2.08360
09/10/2006...
Forum: Canada
Sep 7th 2007, 6:02 am
Replies: 2,672
Views: 291,740
Posted By Surrey Expat

Re: Exchange rate

RBC give quite good rates for VIP account holders paying in UK cheques. Also Custom House Exchange across Canada offer FX services and you can book a rate with them, which the banks won't do....
Showing results 1 to 21 of 21


 
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