Investors and rental owners

Yes, you need to report all sources of income, including your foreign income earned while living abroad even if your amounts aren’t reported on T-slips.

 

If the amounts on your foreign income slip are reported in a foreign currency, convert them to Canadian dollars before entering them. If the amount was paid at various times throughout the year, use an average annual exchange rate.

 

For foreign nonbusiness income that isn't on a T-slip (including US Social Insurance), do not convert the amounts to Canadian dollars before entering them. TurboTax converts the amounts automatically based on the exchange rate you enter.

 

You may also find the article "How do I report foreign income, pension, and other foreign amounts?" helpful.

 

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