Entering any foreign amounts into TurboTax varies depending on the version of software you're using. Before you begin, there are a couple of general things to keep in mind:
- You must enter income, pension, and any other amounts into TurboTax, even if your amounts aren’t reported on T-slips.
- If the amounts on your foreign income slip are reported in a foreign currency, convert them to Canadian dollars before entering them. If the amount was paid at various times throughout the year, use an average annual exchange rate.
- For foreign nonbusiness income that isn't on a T-slip (including US Social Insurance), do not convert the amounts to Canadian dollars before entering them. TurboTax converts the amounts automatically based on the exchange rate you enter.
To start entering your slip amounts, select your version of TurboTax below, then follow the steps provided.
Bank of Canada:daily exchange rates lookup