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I understand that there is no inheritance tax but having left the money in my account in the usa, when I either spend that money or transfer it to Canada it will incur a gain or loss. I need to know the value of the funds in Canadian so that when the money is either spent or transferred to...

US Expat living in Canada nherited $$ from USA, it was put in a bank account in the USA. When this money is ether spent or moved to Canada what do I use as the initial value .. adjusted cost base. Is it the value in Canadian .. when I received the funds ....or the value at time of death? thanks

My husband starts social security this Fall and I am trying to figure out whether to direct deposit to our US account or our Canadian account. When I want to move money from the US to Canada I go through VBCE out of Vancouver .. currency trader. I set up an account and transfer at will ...