Sentences with phrase «canadian dollar contributions»
You still have to pay currency exchange fees for new Canadian dollar contributions, but once the money is converted to US$, it stays in US$ and there are no currency exchange fees.
http://www.moneysmartsblog.com/ Not exact matches
A few companies, such as BCE and Canadian National, have voluntarily made special contributions worth hundreds of millions of dollars to their employees» plans.
If the Canadian dollar strengthens versus other currencies, it will most likely be accompanied by strength in the Canadian economy, and rising earnings — and hence plan contributions — of the CPP participants.
As none of the discount brokers provide the option of keeping cash in the RRSP in US dollars, any contribution to the RRSP in US dollars would automatically be converted into Canadian funds.
For example, if the US dollar is currently valued at $ 1.05 Canadian, then a $ 10,000 US deposit would count as an RRSP contribution of $ 10,500 CAD.
When you deposit US dollars into a registered account, the brokerage records the contribution in the equivalent amount of Canadian dollars.