How to convert foreign currencies income to CND.

This question is about converting the income received in foreign currencies to CND. In 2024, I received pension payments in USD from a company in March, June, September, and December. I also received some USD annuity payments in July and August. I received pension payments in Hungarian currency in October, November, and December. Should I use the current conversion multiplier for each month separately, thereby filing a separate foreign slip for each payment, or can I use some average conversion figures? What should that figure be?

Investors and rental owners

You can choose to use either an average or monthly rates. You can also use the annual rate.

 

You can get exchange rates from the Bank of Canada's website: https://www.bankofcanada.ca/rates/exchange/

 

Investors and rental owners

Thanks for your help!