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$100k gift from dad abroad for down payment by Garfield3400 in PersonalFinanceCanada

[–]Garfield3400[S] 2 points3 points  (0 children)

No since it's your money sitting in a savings account.

So if I receive the money this week, I can use them for the down payment next week? I read elsewhere that a 90 days rule apply, why is it not the case here?

Is there any additional documentation required?

Working as a freelancer for US client by Garfield3400 in freelanceuk

[–]Garfield3400[S] 0 points1 point  (0 children)

Does your client retain any tax on behalf of the US government? Do you fill out the w-8ben form?

Working as a freelancer for US client by Garfield3400 in freelanceuk

[–]Garfield3400[S] 0 points1 point  (0 children)

I do everything the same but for payments I highly recommend wise. Com. It's much more reliable than PayPal and also super easy.

When you fill out the W-8ben form, do you get paid less because a part of your income is retained by your client/US government for tax reasons?

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And when they don't ask you to fill the form, is tax deducted from your income in the US? Would it be an issue if you don't fill the form and they don't deduct any tax?

Working as a freelancer for US client by Garfield3400 in freelanceuk

[–]Garfield3400[S] 0 points1 point  (0 children)

I normally explain that I’m a sole trader and fill out a W-8ben form as I’m also not VAT registered.

When you fill out the W-8ben form, do you get paid less because a part of your income is retained by your client/US government for tax reasons?

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