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How do I know what amount to put in if my work-related travel expense is in U.S dollars?
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October 30, 2019
2:50 PM
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Self-employed
Convert your US dollar expense into Canadian dollar and then report it on your tax return.
Use the Bank of Canada exchange rate lookup tool (https://www.bankofcanada.ca/rates/exchange/daily-exchange-rates-lookup/) to find the average USD to CAD exchange rate for the date of the expenses and use those rates to convert your USD expenses from each receipt to CAD.
October 30, 2019
2:50 PM