E.g. Jan 5 2022 US$2000, Mar 3 2022 US$1000, Jun 6 2022 US$1000 (total US$4000). Can I use an average 1.3013 average exchange rate published by BOC to convert into Canadian dollar or I have to use a specific exchange rate for that date to convert into Canadian dollar revenue?
Sorry which rate should I use? Daily rate or Monthly or Annual Rate? Can I use Annual Rate instead of daily rates?
As per our TurboTax FAQ: How do I report foreign income, pension, and other foreign amounts?
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