Canadian Taxes in US Dollars

Discussion in 'Legal Issues' started by kingrage, Oct 27, 2006.

  1. #1
    How do I go about filling my Canadian taxes when all my earnings are in USD? If anyone could point me towards some information or past experience, I'd appreciate it, thanks.
     
    kingrage, Oct 27, 2006 IP
  2. frankcow

    frankcow Well-Known Member

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    #2
    do you transfer the funds into a CAD bank account? because then you'd have records to tabulate total income to the penny
     
    frankcow, Oct 27, 2006 IP
  3. kingrage

    kingrage Peon

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    #3
    I deposit the checks into my bank.
     
    kingrage, Oct 27, 2006 IP
  4. frankcow

    frankcow Well-Known Member

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    #4
    Then you should have full records of past transactions over the year

    You can claim it as 'self employed', and there are a few categories that would apply, I usually pick programming
     
    frankcow, Oct 30, 2006 IP
  5. tke71709

    tke71709 Peon

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    #5
    Then you know exactly how much you made in Cdn dollars.

    Problem solved.
     
    tke71709, Oct 31, 2006 IP