Open TurboTax

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

cancel
Showing results for 
Search instead for 
Did you mean: 

How do I calculate the exchange rate of my foreign income if it doesn't appear on the "Bank of Canada" site?

 
1 Best answer

Accepted Solutions

How do I calculate the exchange rate of my foreign income if it doesn't appear on the "Bank of Canada" site?

If you are unable to find the right exchange rate on the "Bank of Canada" site (https://www.bankofcanada.ca/rates/exchange/), try asking your bank or the embassy/consulate for the country where the income came from. If you got the money due to employment or as a pension, perhaps the organization that gave you the money might know? If all else fails, there are other online services that can give exchange rates – you can search for “foreign exchange” or “exchange rate” or “currency converter”.


View solution in original post

2 Replies

How do I calculate the exchange rate of my foreign income if it doesn't appear on the "Bank of Canada" site?

If you are unable to find the right exchange rate on the "Bank of Canada" site (https://www.bankofcanada.ca/rates/exchange/), try asking your bank or the embassy/consulate for the country where the income came from. If you got the money due to employment or as a pension, perhaps the organization that gave you the money might know? If all else fails, there are other online services that can give exchange rates – you can search for “foreign exchange” or “exchange rate” or “currency converter”.


How do I calculate the exchange rate of my foreign income if it doesn't appear on the "Bank of Canada" site?

Great thanks! The exchange rate appeared on the bank of the country's income.