Quote:
Originally Posted by calf
then your only worry is the FX rate when you take the money out of the business (or if you have to fund the account), rather dealing with the FX rate for each transaction that has or may happen.
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I don't think this is quite right? They have to report their income in Canadian dollars on their T2.
I guess if they don't ever convert into CAD, the forex thing is less of an issue though, so that makes sense. But presumably they have to, yknow, pay overhead and such... I dunno.