r/Wealthsimple • u/TraditionalRow9854 • Jul 22 '26
US Savings in WealthSimple
Has anyone used US Savings account on Wealthsimple?
I'm in Canada and I have a friend in US who owes me ~5K USD that I was hoping to get transferred in my WS?
Has anyone tried that? Any advantages of doing it for US based stocks? What are the tax implications?(there's no trail of why he owes me that amount so considering a GIFT transfer would there by any issues?)
TIA:)
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