Personal Finance For Expats
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Ensuring the stability of your income abroad could prove difficult during these turbulent times in the U.S.
While the trillion dollar fraud unfolds onto the public eye in the mortgage industry, the Canadian Dollar has found its way to hover around par with the U.S. Dollar. This has resulted in lowered purchasing power for Canadians working stateside, by as much as 20% earnings. It would be interesting to understand the tax ramications of having your salary cut by that amount and still be taxed, or do the taxing authorities in Canada take into account exchange rate volatility in terms of real paid wages recieved abroad by Canadian expats.
The Regular Payments Abroad (RPA) program at no transactional fee for the service sounds interesting. Perhaps it could be elaborated upon in your next article.
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