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wyho007

Hero Member
Dec 14, 2015
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Hong Kong
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18-04-2016
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08-06-2016
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07-05-2016
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30-05-2016
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When I land, I will bring USD with me. If I later exchange that into CAD, will that trigger capital gains/losses for each transaction? What will be the cost basis?
 
Sundry dispositions of foreign currency by individuals, such as a conversion of travellers cheques in foreign funds to Canadian dollars on return from a vacation, are considered to be on account of capital. Foreign exchange losses sustained on the repayment of a debt which was given to acquire a personal-use property are also considered to be capital losses under subsection 39(2).