As a US resident, I just received my NR4 for interest earned on my CDN bank account for the year.
What date do I use to calculate the exchange rate that I need to use when filling tax return in the US? 12/31/09 ?
Is there a proper site to use for the rate?
Thanx...................
When a dollar is not a dollar - Exchange rates!
Moderator: Mark T Serbinski CA CPA
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Here's an URL:
http://www.bankofcanada.ca/en/rates/exc ... g_pdf.html
Pick the annual average (at the page bottom) for the year you are doing your taxes for....
http://www.bankofcanada.ca/en/rates/exc ... g_pdf.html
Pick the annual average (at the page bottom) for the year you are doing your taxes for....