Canada - Are there any fees or TAX considerations for withdrawing FIAT from CDC App back to your bank account via e-Transfer?
I just sent some money from my bank account to my CDC App Fiat Wallet, I thought I would use it to pay some bills with my CDC Visa card but turns out they charge a substantial amount in fees when paying with card (the merchant does, not CDC).
I haven't loaded the money to the card yet, and I'd like to send it back to my bank account. Are there any fees or TAX implications that I should be aware of? Or is it straightforward to just withdraw the fiat and that's it? First time withdrawing money from CDC App.