How to calculate taxes on foreign payments?
If for some reason the bank's rate on that day was higher than the Central Bank's rate (the rarest
case), the "service" received is also taxed. It is easier to follow this point than to deal with
additional calculations.
Can I cancel a money transfer from Ecuador to Canada after it's sent?
Yes, in most cases, you can cancel a money transfer from Ecuador to Canada if the funds haven't yet been received in Canada. To do so, contact the provider's support team in Ecuador or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Ecuador and Canada.
What should I do if I lose my transfer information?
Contact the service's customer support immediately so they can assist you.
You may be required to provide personal information and the transfer number.
Are there limits on how much I can send from Ecuador to Canada?
Yes, most providers have limits on international transfers from Ecuador to Canada. These limits may depend on the provider, the amount, and your identification level. For example, larger transfers from Ecuador to Canada may require identity verification or proof of source of funds.
