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Filing
Just to close the loop on this question. I spoke to the CRA and they didn't think this section was relevant for my situation, as it is for qualified business income deduction, while this is just a personal tax return and I have no businesses.
One other question though, regarding this:
You will need to enter the amounts in Canadian currency.
Turbo Tax online has a place to enter in an exchange rate. Can you confirm that I can use this? I.E. enter in the foreign income in USD, and enter in the USD / CAD exchange rate from last year? Will Turbo Tax automatically translate the income into CAD?
‎April 16, 2024
2:29 PM