Investors and rental owners

TurboTax follows the Canada Revenue Agency (CRA) directions. As there is no calculation capabilities on their information slips, we do not include them either. The exchange rate continuously changes, therefore as seen below, from the CRA website, it is the taxpayer's responsibility to calculate the exchange if needed.

 

As per the Canada Revenue Agency (CRA) Foreign income

If you received foreign interest or dividend income, report it in Canadian dollars.

Use the Bank of Canada exchange rate in effect on the day that you received the income. If you received the income at different times during the year, use the average annual rate. The average monthly rate and the daily rate are available by visiting the Bank of Canada.

 

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