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.
Do I need a bank account in Gambia to send money to Canada?
Not necessarily. Many international services operating in Gambia offer cash transfers to Canada, so you can send money without a bank account. However, if you’re using online banking or bank-to-bank transfer from Gambia to Canada, an account will be required.
Can I cancel a money transfer from Gambia to Canada after it's sent?
Yes, in most cases, you can cancel a money transfer from Gambia to Canada if the funds haven't yet been received in Canada. To do so, contact the provider's support team in Gambia or use their app/website. Keep in mind that some services may charge a cancellation fee for transfers between Gambia and Canada.
Can I transfer money in another currency?
Yes, most services allow you to transfer money in various currencies.
The exchange rate will be set by the service at the time of the transfer.
