Paying Canadian Taxes from US account

[L_n_O 3]

Hey all

Our accountant totally slacked and I'm finally writing out the cheque to pay my Canadian Taxes.

So he says I can write it from my US account and they'll draw up the money and send us a the difference...

Like say we owe $1,000 Canadian.

He's saying write a cheque from our US account like usual for $1,000 (and not to write CANADIAN FUNDS on it since the law has changed and they can't deposit it if it says that)....

and then Revenue Canada will do a currency conversion and send us back the difference?

I can't find my canadian cheque book! hence the mess.

[Udella&Wiz 325]

Hey all

Our accountant totally slacked and I'm finally writing out the cheque to pay my Canadian Taxes.

So he says I can write it from my US account and they'll draw up the money and send us a the difference...

Like say we owe $1,000 Canadian.

He's saying write a cheque from our US account like usual for $1,000 (and not to write CANADIAN FUNDS on it since the law has changed and they can't deposit it if it says that)....

and then Revenue Canada will do a currency conversion and send us back the difference?

I can't find my canadian cheque book! hence the mess.

Pretty sure CRA won't be able to cash an American cheque any easier then you or I could cash a Cdn one down here. I paid my Cdn taxes using an International Money order from the Post Office...it's still in US funds so I looked at the current exchange rate to estimate (they can't do them in foreign currency). So yes...CRA would cash the moeny order and convert it into Cdn funds. They might send you the difference depending on the ammount....mine was deposited into my existing Cdn account that I've always used for direct deposit from them.

PS - my coasters are BEAUTIFUL girl! Love snowflakes

Edited April 30, 2010 by Udella&Wiz

[Moosker 7]

My student loan is still in Canada, so we just left it there. We send my parents an american check and it is perfectly fine, although keep this in mind: for example, when we send my mom a check for $1,000 - depending on the dollar, it'll show up on our account as $1,000, but it'll show up on my student loan as $1025.00.

I've worked in both Canadian and American banks. Canada is very quick to take an American check without an problem, American refuses to!!! The old American bank I worked for was ridiculous about it saying it wasn't a "real" check. Silly Americans lol

Hope that helps! What about an international money order?

Edited April 30, 2010 by Moosker

[L_n_O 3]

PS - my coasters are BEAUTIFUL girl! Love snowflakes

Soooooo glad let me know if I can make anything else for you both!!!!

And don't forget to leave feedback if you haven't already on Etsy

[Udella&Wiz 325]

My student loan is still in Canada, so we just left it there. We send my parents an american check and it is perfectly fine, although keep this in mind: for example, when we send my mom a check for $1,000 - depending on the dollar, it'll show up on our account as $1,000, but it'll show up on my student loan as $1025.00.

I've worked in both Canadian and American banks. Canada is very quick to take an American check without an problem, American refuses to!!! The old American bank I worked for was ridiculous about it saying it wasn't a "real" check. Silly Americans lol

Hope that helps! What about an international money order?

I stand corrected, this is good info to know. After my American bank experiences trying to cash a Cdn cheque or exchange $$$$ for trips...I gave up on them and go with an international money order everytime.

[shawna7 4]

I messed up with my child tax credit..oops..haha and I've sent post dated cheques from my american account and they cash monthly..and they just convert it no problem at all! just make sure you put your SIN number on the cheque in the memo spot! they told me that was uber important!

[L_n_O 3]

just make sure you put your SIN number on the cheque in the memo spot! they told me that was uber important!

uh oh. I already sent it since it had to be post-dated yesterday. I didn't do that.

[shawna7 4]

uh oh. I already sent it since it had to be post-dated yesterday. I didn't do that.

I'm sure you'll be fine..no worries..you know the government they'll figure out how to keep your money..

[L_n_O 3]

UPDATE:

Guess what. It took Canada only 17 days (INCLUDING weekends) to cash the cheque from our American Bank account for my Canadian taxes. Looks like they really will always find a way to get our money... awesome.

[Udella&Wiz 325]

UPDATE:

Guess what. It took Canada only 17 days (INCLUDING weekends) to cash the cheque from our American Bank account for my Canadian taxes. Looks like they really will always find a way to get our money... awesome.

Oh good - nice to see they can do it! At least you're off the hook

[derekkj 0]

UPDATE:

Guess what. It took Canada only 17 days (INCLUDING weekends) to cash the cheque from our American Bank account for my Canadian taxes. Looks like they really will always find a way to get our money... awesome.

Lol, it took them less then a week to cash D's, though his was from his Canadian account. Of course still waiting to get the US refunds

[L_n_O 3]

Lol, it took them less then a week to cash D's, though his was from his Canadian account. Of course still waiting to get the US refunds

us too.... IRS hasn't made a peep!

[sly_wolf 199]

UPDATE:

Guess what. It took Canada only 17 days (INCLUDING weekends) to cash the cheque from our American Bank account for my Canadian taxes. Looks like they really will always find a way to get our money... awesome.

Lol, CRA will take all and any money you give them. Getting anything back will be a very long wait though.