I have an account with RBC Direct Investing and Scotia Itrade and wondering if anyone can confirm what they send to CRA during tax time? Do they get a statement of all trade dispositions for the year?
thanks.
thanks.
And they know where you live...The simple answer is that CRA gets everything you get.
Use the number on the Bank of Canada website: http://www.bankofcanada.ca/en/rates/exchange_avg_pdf.htmlWhat exchange rate are you guys using to convert your USD income to CAD on your Canadian tax return? Are you using the Bank of Canada average rate for 2009? If yes, is that 1.14?
Thanks. I was surprised that it was so high in 2009. To-day the rate has dropped to 1.000000001The average for 2009 is 1.14197729.