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Level 1

HOW DO I DEAL WITH US DOLLAR EXCHANGE WHEN REPORTING T5 OR CAPITAL GAIN LOSS? DO I ASSUME THE CONVERSION HAPPENS AUTOMATICALLY WHEN I ENTER US DOLLAR AMOUNTS?

 
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Level 1

HOW DO I DEAL WITH US DOLLAR EXCHANGE WHEN REPORTING T5 OR CAPITAL GAIN LOSS? DO I ASSUME THE CONVERSION HAPPENS AUTOMATICALLY WHEN I ENTER US DOLLAR AMOUNTS?

Convert the amounts to CAD before entering. Use the average exchange rate from the Bank of Canada website if the transactions happened over a period of time: https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/

If you have the date of the transaction, you can use the rate for the date of the transaction: https://www.bankofcanada.ca/rates/exchange/daily-exchange-rates-lookup/