Anomalous Maximum and Year-End Values Reported on T1135

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MsTunnelCoin762
Posts: 17
Joined: Fri Jan 01, 2021 2:02 pm

Anomalous Maximum and Year-End Values Reported on T1135

Post by MsTunnelCoin762 »

A quick inquiry, nothing I could find guidance on...

In the case of 2021, the maximum US dollar amount of US stocks held in a Canadian non-registered securities account occurred as of the year end statement, and the year end exchange rate was duly applied (Per T1135 instructions) to calculated the Year-End Value in CAD... But, for the Maximum Value calculation CRA requires the use of the annual average exchange rate, which was lower than the year-end rate. Thus, the reported Maximum Value was less than the reported Year-End Value... It this something CRA would regard as amiss? Trying to report as accurately as possible, but CRA's instructions are what they are...
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Anomalous Maximum and Year-End Values Reported on T1135

Post by nelsona »

Just follow the instructions....
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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MsTunnelCoin762
Posts: 17
Joined: Fri Jan 01, 2021 2:02 pm

Re: Anomalous Maximum and Year-End Values Reported on T1135

Post by MsTunnelCoin762 »

A tardy thank you here, yes, odd result but yes best defense is play by the rules...!
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