Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Oct 30, 2019 9:33:00 AM

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

0 2 1285
1 Best answer
Moderator
Oct 30, 2019 9:33:01 AM

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”.


2 Replies
Moderator
Oct 30, 2019 9:33:01 AM

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”.


New Member
Oct 30, 2019 9:33:02 AM

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