Does anyone know how to calculate the adjusted cost base of foreign shares?
Based on Capital Gains 2007, use the exchange rate that was in effect on the day of the transaction. If there were transactions at various times throughout the year, use an average annual rate.
If I exchanged Canadian dollar to US dollar in 2004 and purchased shares in 2005, can I use actual exchange rate of 2004 instead of the one of 2005?
Thanks in advance for your help
Based on Capital Gains 2007, use the exchange rate that was in effect on the day of the transaction. If there were transactions at various times throughout the year, use an average annual rate.
If I exchanged Canadian dollar to US dollar in 2004 and purchased shares in 2005, can I use actual exchange rate of 2004 instead of the one of 2005?
Thanks in advance for your help
