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Seniors and students
On the Canadian side, you only need to report any interest you earn from that inheritance. So all you should be reporting is the $2,000 interest earned. You will report this amount in Canadian Dollars on Schedule 4 or as "Interest & Other Investment Income", and it will carry over to Line 121 of your T1 General Canadian Tax Return.
‎October 30, 2019
7:34 PM