LakeOps Payments in Canada

LakeOps runs the same way on both sides of the border, but money has a country. For a Canadian shop that changes the currency, the bank payment your customers use, and a few things about Stripe. Here is all of it in one place, from signing up to the money landing.

The country decides the currency

You choose United States or Canada when you sign up. For a Canadian account that one choice means:

• every job is priced and charged in Canadian dollars, and keeps that currency forever;
• your Stripe account is opened in Canada, in CAD;
• customers are offered pre-authorized debit from a Canadian bank account, not ACH.

What your customers see

• Every amount says CAD. The completion page, the statement, the receipt, every email and the pay-link text show figures like $840.00 CAD, so nobody files your bill as US dollars.
• Bank payment first, then card. On Stripe’s payment page the customer picks pre-authorized debit or card. Paying by PAD, they agree to a debit authorization on that page; Stripe collects and keeps it.
• A card on file is card-only, in Canada as in the United States.

Timing

A pre-authorized debit can take up to seven business days to confirm, longer than US ACH. While it clears, the customer is not asked for the money again, reminded, or charged a late fee, and if their bank returns it they are emailed. See bank payments. Payouts reach your Canadian bank account in CAD, on the schedule Stripe shows for your account.

Setting up

The panel under Settings → Payments says “Opens a Canadian Stripe account in CAD” before you press anything. Stripe then asks for your business number where a US business would give an EIN; the rest is described in setting up LakeOps Payments.

The fee

The same percentage, taken in CAD, and worked out on each payment before GST, HST, PST or QST — see the LakeOps Payments fee. Stripe’s own processing fees are its Canadian rates, shown in your Stripe dashboard.

Sales tax

GST, HST and provincial rates are entered as tax rates like any other, and the sales tax report gives you the collected side of your return. See sales tax. The US 1099-K form does not apply to a Canadian Stripe account; ask your accountant what reporting does.

What you pay LakeOps is in US dollars

Your LakeOps subscription is priced in US dollars and charged to a card; the bank debit US shops can use is not offered, because it needs a US bank account. Every amount on Settings → Your LakeOps plan, and in the emails about it, says USD so it is never read as Canadian dollars. See what LakeOps costs.