Tips for Canadians Studying in the US or Abroad
If you know how to calculate the real exchange rate of USD to CAD, you can quickly find out the purchasing power of your currency against another. An exchange rate is the rate at which an individual can exchange one currency for another at a particular time. There are different types of exchange rates, including: […]
Individuals with an entrepreneurial mindset can often find ways to generate income by running their own business and starting a company. While this goes against the traditional wealth goal of finding a job, in can prove to be very lucrative assuming the right amount of work gets put in. With that being said, self-employed entrepreneur […]
Unlike a precious metal like gold or silver, a commodity currency is slightly more complex than just a simple commodity on its own. At its most basic definition, a commodity currency is money that is strongly influenced by the price movements of one main commodity. In other words, if a commodity currency’s underlying commodity declines […]
It’s a common practice for many foreigners living in Canada to want to purchase their own properties on Canadian soil. Fortunately due to some fairly relaxed laws, buying and retaining ownership of real estate in Canada is certainly feasible. If you’re an expat, international traveller, global scholar, or a foreign investor, you may be looking […]
With much gratitude for modern day technological advancements, the conventional banking system has been permanently disrupted for the better. If you can’t see yourself walking into a bank branch to register an account, you’ll be glad to hear that nowadays bank registering methods are much more convenient. With a steadily rising demand for more banking […]
You checked your account and the deposit is smaller than expected. The sender confirmed the amount, the transfer went through, and yet hundreds of dollars are missing. This happens more often than most Canadians realize, and the reason is rarely just one fee. Multiple charges can quietly reduce the amount that lands in your account, […]
It’s important to commit a few basic COVID-19 considerations and best safety practices to memory before embarking on an international journey. The COVID-19 situation is rapidly developing all around the globe and country-specific updates are coming in at a very fast rate. Whether you need to travel for business or leisure, make a conscious effort […]
When you’re seeking to understand the different service offerings provided by foreign exchange institutions, such as Assiniboine Credit Union, it’s important to get a firm grasp of the essentials. At the end of the day, any forms of payment that extend across national borders undergo a mandatory conversion process. In North America, you can occasionally […]
Both Canada and the US have established beneficial tax relationships with other nations to encourage commerce and reduce overall tax burdens. As a result, citizens and permanent residents of these two countries may have different tax return obligations based on their location. Technically speaking, American ex-patriots who live north of the border need to file […]
One of the most important assumptions made on a money transfer is that the amount transacted will get to the recipient safely. Unfortunately, scams are becoming more prevalent (even if it’s less detectable) as technology improves and scammer knowledge increases. Each time you book a remittance, it’s not enough to have financial peace of mind […]
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