topic Re: How to convert foreign currencies income to CND. in Investors and rental owners

How to convert foreign currencies income to CND.

ge55za_ba — Wed, 16 Apr 2025 20:21:09 GMT

This question is about converting the income received in foreign currencies to CND. In 2024, I received pension payments in USD from a company in March, June, September, and December. I also received some USD annuity payments in July and August. I received pension payments in Hungarian currency in October, November, and December. Should I use the current conversion multiplier for each month separately, thereby filing a separate foreign slip for each payment, or can I use some average conversion figures? What should that figure be?

Re: How to convert foreign currencies income to CND.

TurboTax_Susan — Thu, 17 Apr 2025 21:32:22 GMT

You can choose to use either an average or monthly rates. You can also use the annual rate.

You can get exchange rates from the Bank of Canada's website: https://www.bankofcanada.ca/rates/exchange/

Re: How to convert foreign currencies income to CND.

ge55za_ba — Mon, 21 Apr 2025 19:51:43 GMT

Thanks for your help!