CoryBK76 Posted March 11 Report Share Posted March 11 Hi, I did many USD stock trades. On Ufile I used the CRA auto-fill function which imported all my stock transactions that my broker gave to the cra via the T5008 form. I'm wondering for these USD transactions do I need to supply my own exchange rate for each transaction? Or does Ufile do that for me? On Ufile, for each transaction for the T5008 form, it indicates USD in box 13, but the "exchange rate applicable to the cost or book value" and the "exchange rate applicable to the proceeds of disposition or settlement amount" boxes are empty. Should I be concerned? Or I do need to manually put an exchange rate in those boxes for each of my transactions? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted March 11 Report Share Posted March 11 Hello CoryBK76, UFIle does not apply the foreign exchange rate automatically, you must populate the fields yourself : Foreign currency13 USD United States, dollar < - - - HERE Date of settlement (dd-mm-yyyy)14 05-05-2022 Date of acquisition (dd-mm-yyyy) If the security had a maturity date, - select "Yes" if the settlement date was before the maturity date - else select "No" or leave blank. Select the security type Type code of securities15 BON Bonds Quantity of securities16 Identification of securities17 Face amount19 $10,000.00 Cost or book value20 $9,000.00 Exchange rate applicable to the cost or book value < - - - HERE Proceeds of disposition or settlement amount21 Exchange rate applicable to the proceeds of disposition or settlement amount < - - - HERE Outlays and expenses related to the transaction Exchange rate applicable to the outlays and expenses related to the transaction < - - - HERE Quote Link to comment Share on other sites More sharing options...
CoryBK76 Posted March 13 Author Report Share Posted March 13 Hi Geo, thanks for the response. For the exchange rate, do I have to look up the exchange rate on the day of each transaction? Or can I use the average 2022 exchange rate for all my transactions? Quote Link to comment Share on other sites More sharing options...
Geo123 Posted March 13 Report Share Posted March 13 Hello CoryBK76, You can use either but should be consistent. https://www.bankofcanada.ca/rates/exchange/ >>Daily https://www.bankofcanada.ca/rates/exchange/daily-exchange-rates-lookup/ >>Annual https://www.bankofcanada.ca/rates/exchange/annual-average-exchange-rates/ Quote Link to comment Share on other sites More sharing options...
jam_jarx Posted Friday at 05:11 PM Report Share Posted Friday at 05:11 PM Just to clarify the FX application for T5008 that have been autofilled - Does Ufile calculate the C$ amount for Box 20 and 21, using the input FX rate and the US$ autofill amounts? Or do I need to overwrite the autofill US$ amounts in Box 20 and Box 21 with C$ results that I manually calculate, and include the FX rate used in the calculation? Quote Link to comment Share on other sites More sharing options...
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