@Andy11111
As per the CRA:
Complete all T5008 slips in Canadian currency. Use the exchange rate that was in effect at the time of the transaction or an average rate that includes the transaction period.
Foreign currency is usually converted to Canadian funds before it is credited to the recipient's account. However, certain taxpayers keep foreign currency accounts and choose to convert their account balances themselves. If you get proceeds of disposition in a foreign currency and deposit the amounts to your client's foreign currency account without converting them to Canadian funds, you can report in the foreign currency that applies. Identify foreign currency amounts by entering in box 13 the applicable currency code under International Standard (ISO) 4217.
So, the CRA wants the T5008 reported in CAD, but if it’s not, it assumes the taxpayer will convert the amounts (using the rate of their choosing).
However, we do appreciate your feedback on this issue, and we will send it to our development team.
