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bkhiltz
New Member

Bill earns funds in US dollars. Do we use the Canadian equivalent at the time of deposit as per our bank statement?

 
1 Reply
pinklady3245
Level 6

Bill earns funds in US dollars. Do we use the Canadian equivalent at the time of deposit as per our bank statement?

 Use the Bank of Canada exchange rate in effect on the day you received the income. If the amount was paid at various times in the year, you can use the average annual rate.

 

For more information, please see:

 

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