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The US income in my investment account is reported to CRA in USD. So I have to MANUALLY convert to CAD and change the T5 that has already been filed with CRA? Seriously?!
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The US income in my investment account is reported to CRA in USD. So I have to MANUALLY convert to CAD and change the T5 that has already been filed with CRA? Seriously?!
Yes, you need to enter the currency in Canadian funds - It doesn't automatically convert it for you.
Please see the following link to help you convert the US dollars: http://www.bankofcanada.ca/rates/exchange/