paypal in canada trus (td)?
i have money in my paypal account and i need to withdraw it to my bank account (TD)
would the canadian government charge me for that money ?
i know that paypal will but what will happen if i get the money to my bank account will get the same money or will they take away taxes ??
- Fred SLv 71 decade agoFavorite Answer
There is no tax on transferring money between accounts.
If the source of funds in your Paypal account is profitable business income, that would be taxable. However, it's taxable regardless of whether you transfer it or not.