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I'm a part time freelancer who has earned a little over 5K in USD. Should I convert this into CAD and then claim as self-employment income or claim as foreign income?
Looking for guidance as to how to report this income. If I'm converting to CAD, do i convert on the day of payment? or do I use a general exchange rate for the year? If claiming under foreign income, do I then report nothing on self-employment and still claim business expenses?
‎February 23, 2024
4:03 PM