Tips for Canadians Studying in the US or Abroad
You’ve probably read about fiscal vs. monetary policy discussions on many platforms, and you might wonder how they differ. Since most economists keep throwing these two terms around, it’s vital to learn their differences. So, how do they work in the economy? Monetary policy refers to a central bank’s actions to fulfill macroeconomic policy goals, […]
According to CRA foreign exchange and tax rules, all Canadians must file tax returns for their income, including foreign exchange gains or losses. The foreign exchange gains are the capital gains on securities or cash you hold in foreign-denominated currencies due to foreign exchange rate fluctuations. So, they are subject to taxation by the CRA. […]
You’ve probably heard about the forex scalping strategy, but you don’t understand how it works. Scalping is a trading strategy that specializes in making profits from small price changes in the forex market. Thus, it involves making high volumes of small gains. Scalpers can buy a currency pair and sell it after holding the position […]
One of the common terms you will come across as you do or study forex exchange is currency hedging. So let’s first start here. What do you know about forex trading? In simpler terms, forex exchange is the process of changing a currency for another. People trade in the forex market for various reasons. However, […]
One of the common terms you will encounter when transacting or trading in the forex market is forex options. The good news is that these tools can help you secure the best exchange rates. However, it’s essential to understand how they work on forex markets. Forex options are derivative financial instruments that give you the […]
Whenever you want to buy foreign currency online, your number one priority should be the funds’ security. Many foreign currency providers claim to be the best on the market, and it can be tricky to find a legit one. So, is it safe to purchase foreign currency online? As you look for the best exchange […]
You’ve probably heard people earning thousands and millions of dollars through forex trading, and you wonder how it works. But, if you want to venture into the forex market, it’s vital to master how to trade forex for beginners. So, how does forex trading work? This guide explores all the basics of forex trading for […]
While Canadian residents are obligated to pay taxes on their global income, they can go for a foreign tax credit to reduce the taxes. That’s because the federal government of Canada allows them to do so. But first, there are requirements you must meet to qualify. If you’re a Canadian resident with worldwide income streams, […]
According to UNCTAD, the foreign direct investment in Canada amounted to 50 billion in 2019, a 16 percent increase compared to 2018. As a result, the Canadian FDI stock rose to US$1,037 billion, making the country the 11th destination for FDI worldwide. Canada presents several foreign direct investment opportunities, making it the number one investment […]
The nations hanging between developing and developed countries are the emerging markets and use their emerging market currencies to trade. These countries experienced rapid economic growth in the past years and are still growing. The political and social transition is why these developing countries find it easier to mingle with other economies in the world. […]
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