What’s the greatest resolution for US sellers promoting on Amazon.ca to obtain funds?
AMZ foreign money charge 3-4% (outrageous)
“Digital” banks (ex: OFX/PingPong) 0.75 – 1.5% for foreign money conversions (CAD to USD).
CAD (US domiciled) banks will likely be seen as USD accounts by AMZ and can ship the funds as USD.
Canadian financial institution for a US entity will topic you to Canadian earnings tax.
The issue is compounded if you remit GST/HST to the CRA (in CAD)
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