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#21
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Patty,
This is news to me. I have emailed the CRA for clarification/confirmation of this. It's good news to the consumer if it's true. However, there are still a lot of benefits when going through Global Refund: The refund happens in minutes, it's hassle free & it's done before you leave the country. Did you know that 80% of tourists don't ever bother getting their GST back? -sasha Patty Winter wrote: In article , moveman wrote: The Canadian Government refunds GST to every non Canadian applicant via a cheque in Canadian funds - the only exception is US tourists who will receive a refund in USD. http://www.cra-arc.gc.ca/tax/nonresi...urrencyofissue Where possible, rebate cheques will be issued in the currency of the visitor's home country. All cheques that are not issued in one of the specified currencies will be issued in Canadian dollars. ("specified currencies" links to a list of 51 countries.) Patty |
#22
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wrote...
... there are still a lot of benefits when going through Global Refund: The refund happens in minutes, it's hassle free & it's done before you leave the country. Did you know that 80% of tourists don't ever bother getting their GST back? I believe both statements. The first is for those who are anal about getting every penny back they can, the moment they can, and the second is for lazy-ass people who can't be bothered with paperwork, saving receipts and such. Strangely enuff, I'm with the 1st group, and my brother is in the 2nd group.[R] |
#23
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wrote...
... there are still a lot of benefits when going through Global Refund: The refund happens in minutes, it's hassle free & it's done before you leave the country. Did you know that 80% of tourists don't ever bother getting their GST back? I believe both statements. The first is for those who are anal about getting every penny back they can, the moment they can, and the second is for lazy-ass people who can't be bothered with paperwork, saving receipts and such. Strangely enuff, I'm with the 1st group, and my brother is in the 2nd group.[R] |
#24
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Many thanks for all the replies, especially moveman who has actually
confirmed what's going on. The Canadian government refunding in your own currency must be fairly new - in any event there must be old forms all over the place which say $CAN only. I am certain that the (government) forms I picked up last year in Newfoundland (on the ferry) and this year in Vancouver (rail station) did not mention it, or I'd have used one. Given that it costs $CAN 25 to 40 to exchange a $CAN cheque in the UK even a 10% fee doesn't seem too much to pay (in the lack of the above knowledge). And the stub of the ITRS envelope does say : 'ITRS provides exceptional service for free' and 'ITRS does not charge a fee to process your claim either'. I assume that whatever they were making came from the exchange rate. So I assume my receipts are lost, with a faint hope they might get returned or sent on to the Canadian revenue. I shan't hold my breath. On a slightly different tack, I believe there's a strike in the Canadian Revenue at the moment - does it affect this area of their work? |
#25
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Many thanks for all the replies, especially moveman who has actually
confirmed what's going on. The Canadian government refunding in your own currency must be fairly new - in any event there must be old forms all over the place which say $CAN only. I am certain that the (government) forms I picked up last year in Newfoundland (on the ferry) and this year in Vancouver (rail station) did not mention it, or I'd have used one. Given that it costs $CAN 25 to 40 to exchange a $CAN cheque in the UK even a 10% fee doesn't seem too much to pay (in the lack of the above knowledge). And the stub of the ITRS envelope does say : 'ITRS provides exceptional service for free' and 'ITRS does not charge a fee to process your claim either'. I assume that whatever they were making came from the exchange rate. So I assume my receipts are lost, with a faint hope they might get returned or sent on to the Canadian revenue. I shan't hold my breath. On a slightly different tack, I believe there's a strike in the Canadian Revenue at the moment - does it affect this area of their work? |
#26
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Many thanks for all the replies, especially moveman who has actually
confirmed what's going on. The Canadian government refunding in your own currency must be fairly new - in any event there must be old forms all over the place which say $CAN only. I am certain that the (government) forms I picked up last year in Newfoundland (on the ferry) and this year in Vancouver (rail station) did not mention it, or I'd have used one. Given that it costs $CAN 25 to 40 to exchange a $CAN cheque in the UK even a 10% fee doesn't seem too much to pay (in the lack of the above knowledge). And the stub of the ITRS envelope does say : 'ITRS provides exceptional service for free' and 'ITRS does not charge a fee to process your claim either'. I assume that whatever they were making came from the exchange rate. So I assume my receipts are lost, with a faint hope they might get returned or sent on to the Canadian revenue. I shan't hold my breath. On a slightly different tack, I believe there's a strike in the Canadian Revenue at the moment - does it affect this area of their work? |
#27
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Patty Winter wrote:
http://www.cra-arc.gc.ca/tax/nonresi...urrencyofissue Where possible, rebate cheques will be issued in the currency of the visitor's home country. All cheques that are not issued in one of the specified currencies will be issued in Canadian dollars. ("specified currencies" links to a list of 51 countries.) Even so, foreign banks can still charge hefty fees to cash those cheques even if they are denominated in local currency. I once needed to send EUR 18.00 from Canada to someone in Holland. I purchased an international money order from my bank, denominated in EUR. My recipient's bank in Holland wanted to charge him 10.00 EUR to cash the money order, leaving him with EUR 8.00 So he sent it back to me, I redeemed it where I purchased it, and just mailed him cash. K. |
#28
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In article nJk5d.97696$KU5.1898@edtnps89,
=?ISO-8859-9?Q?Kir=E1ly?= wrote: Patty Winter wrote: Where possible, rebate cheques will be issued in the currency of the visitor's home country. Even so, foreign banks can still charge hefty fees to cash those cheques even if they are denominated in local currency. I once needed to send EUR 18.00 from Canada to someone in Holland. I purchased an international money order from my bank, denominated in EUR. My recipient's bank in Holland wanted to charge him 10.00 EUR to cash the money order, leaving him with EUR 8.00 Banks don't necessarily treat money orders the same as checks, do they? Patty |
#29
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In article nJk5d.97696$KU5.1898@edtnps89,
=?ISO-8859-9?Q?Kir=E1ly?= wrote: Patty Winter wrote: Where possible, rebate cheques will be issued in the currency of the visitor's home country. Even so, foreign banks can still charge hefty fees to cash those cheques even if they are denominated in local currency. I once needed to send EUR 18.00 from Canada to someone in Holland. I purchased an international money order from my bank, denominated in EUR. My recipient's bank in Holland wanted to charge him 10.00 EUR to cash the money order, leaving him with EUR 8.00 Banks don't necessarily treat money orders the same as checks, do they? Patty |
#30
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Patty Winter wrote: In article nJk5d.97696$KU5.1898@edtnps89, =?ISO-8859-9?Q?Kir=E1ly?= wrote: Patty Winter wrote: Where possible, rebate cheques will be issued in the currency of the visitor's home country. Even so, foreign banks can still charge hefty fees to cash those cheques even if they are denominated in local currency. I once needed to send EUR 18.00 from Canada to someone in Holland. I purchased an international money order from my bank, denominated in EUR. My recipient's bank in Holland wanted to charge him 10.00 EUR to cash the money order, leaving him with EUR 8.00 Banks don't necessarily treat money orders the same as checks, do they? Patty Cheques would be the same. The problem is that banks have a clearing system, usually automated, and cheques from foreign banks have to be dealt with manually. I had a U.S. dollar bank account at a Canadian bank. Cheques that I sent to the U.S. were in U.S. dollars but could not be cleared through the U.S. banking system and needed to be handled seperately. This meant that the cheque recepient in the U.S. also had to pay $10 or $15 for this. I now have a U.S. account where the cheques clear through a U.S. bank so there is no extra fee involved. I would think this applies to Europe etc. |
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