paulinesinclair
New member
Hi all, so my odd situation is that I have a decent amount of USD that I cannot convert back to CAD and I need to keep it liquid because I may need it at any point (health expenses). The funds are held at a US bank but taxes are paid in Canada.
So far I have just been rolling T-Bills but it's sort of a pain to do it manually as I sometimes forget. I was looking into a MM ETF but they seem to all pay "Dividends" which would mean withholding tax. Any good suggestions on how I can just park it somewhere and earn GIC'ish returns with minimal tax implications?
Thank you!
So far I have just been rolling T-Bills but it's sort of a pain to do it manually as I sometimes forget. I was looking into a MM ETF but they seem to all pay "Dividends" which would mean withholding tax. Any good suggestions on how I can just park it somewhere and earn GIC'ish returns with minimal tax implications?
Thank you!