Should I use the 04-Aug-2017 exchange rate or the 08-Aug-2017 exchange rate for foreign shares sold on a Canadian Bank holiday (07-Aug-2017)? Ref CRA publication rc4169.
Should I use the 04-Aug-2017 exchange rate or the 08-Aug-2017 exchange rate for foreign shares sold on a Canadian Bank holiday (07-Aug-2017)? Ref CRA publication rc4169.
CRA publication rc4169 says to convert the proceeds of disposition to Canadian dollars using the exchange rate in effect at the time of the sale;
Should I use the 04-Aug-2017 exchange rate or the 08-Aug-2017 exchange rate for foreign shares sold on a Canadian Bank holiday (07-Aug-2017)? Ref CRA publication rc4169.
Since you sold on the 7th
of August, and the new rate did not come into effect until August 8th,
then the rate that was in effect on August 7Th would still be the
August 4th rate.
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