Have the opportunity to maybe do a little side hustle paid in USD from a US company. Anyone have any positive or negative experiences to share if you’ve done this? Curious how $8-$10k USD gets deposited in a CDN bank account. Does Fintac get notified and does that matter if it’s a side hustle? Do they typically withhold tax for CDNs and do we get then get double taxed?

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Posting as :
works at
You are currently posting as works at

They will wire or send you a cheque. Open up a USD account with your current bank (they all have this option, BMO, RBC, etc…)

You’ll probably be working as a contractor, so you’ll be sending them an invoice for your services. There won’t be any double taxation.

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Speak to a tax accountant, even someone at H&R block, they’ll help you with this. It’s not black and white.

The US company won’t remit or pay any tax so you’ll need to deal with that 100%. If they’ve deducted tax in the US, you need to make sure that’s factored in so you don’t get double taxed.

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That’s correct , if it’s US rendered services ; u need not get GST hst at all in canada

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