On the page that appears on the right, select the option that fits your impot forex. I’m not sure which situation it fits. Foreign exchange gains or losses from capital transactions in foreign currencies are considered to be capital gains or losses.
200 or less, there is no capital gain or loss and you do not have to report it on your income tax and benefit return. Report your net gain or loss in Canadian dollars. Use the exchange rate that was in effect on the day of the transaction. If there were transactions at various times throughout the year, you can visit the Bank of Canada website, or go to What are the average exchange rates? Our network of expert financial advisors field questions from our community. Sophisticated content for financial advisors around investment strategies, industry trends, and advisor education.
A celebration of the 100 most influential advisors and their contributions to critical conversations on finance. The latest markets news, real time quotes, financials and more. An import is a good or service brought into one country from another. The word “import” is derived from the word “port” since goods are often shipped via boat to foreign countries. Along with exports, imports form the backbone of international trade.