vtwxgrad

Thanks everyone! I opened up a TD Student Checking account (US) online earlier so that whenever I'm able to get one opened up in Canada it should be simple to transfer.

Currently I have a small local bank, but I could potentially open one with TD or BMO. Since I'm in the Northeast, TD has a strong presence. I do have a no-foreign transaction fee credit card however since the USD is relatively strong at the moment I was thinking it could be good to transfer at least some of money to Canadian as it would give me a few hundred $ extra CAD. Using the credit card is actually probably a good idea in general though for most transactions! I'll keep that in mind.

That's a good point that the effective tax on $13,000 will be very small. I'll need to figure out if my stipend will be considered RA funding. At McGill, the funding isn't directly attached to an advisor and is offered to everyone who receives an offer of admission. I'll look into it. Thanks!

Hi all! I'll be starting my M.Sc. at McGill in the Fall and have been trying to find information about banking in Montreal but am coming up with many different opinions. In particular, does anyone have advice on transferring money (probably ~$5,000-10,000 US total) from my US bank account to my future Canadian bank account? Are there particular banks that will allow me to do this more easily and with the lowest possible fees? It seems like most have $2500 limits at least in 24 hours. I've also seen online services like Xoom - not sure if anyone has experience with these? Thanks! Chris

Hi everyone! I will either be starting at McGill or UQAM in the fall for my master's and expect around $13,000/year in funding. Does anyone know how the tax situation will work for me as an American student studying in Quebec? Will I have to pay income tax on the stipend in Quebec/Canada and/or in the US? Thanks!

Those who applied to McGill - before getting the accepted/rejected update on uApply, did your status ever go to "In Review"? Mine has been at "Submitted" forever and I hope they're at least looking at it by now.