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  1. Dec 22, 2020 · Complete all T5008 slips in Canadian currency. Use the exchange rate that was in effect at the time of the transaction or an average rate that includes the transaction period. Foreign currency is usually converted to Canadian funds before it is credited to the recipient's account.

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      Complete all T5008 slips in Canadian currency. Use the...

  2. Oct 30, 2019 · It seems TurboTax does NOT accept USD (as no box 27 is displayed) and it requires the user to convert the amount to CAD themselves, lest they get fined for underreporting. You should still indicate the source country of the income, but that's different from the currency.

  3. Oct 30, 2019 · Do i enter the foreign income in Canadian dollars or the currency from the country it is from? If you are providing the "Exchange Rate" in the Foreign screen then use the original currency, or you can manually calculate the conversion and enter CDN without an Exchange Rate.

  4. TurboTax converts the amount to Canadian dollars for you. However, if you have a foreign amount to enter elsewhere in TurboTax (such as U.S. dollars on a business form), convert it to Canadian dollars before you enter it.

  5. Mar 25, 2019 · The current price of heating oil in Canada is CAD 1.48 per liter or USD 1.08 per liter. The latest update was on 24-Jun-2024. We show heating oil price data for Canada from 2019-03-25 to 2024-06-24.

  6. You do not have to enter the exchange rate used in reporting foreign account information in TurboTax. You will enter the US dollar equivalent based on the exchange rate you used. You should keep a record of the rate you used. TurboTaxDavidD offers the following advice:

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  8. Aug 4, 2016 · Furnace Oil – Current weekly consumer prices for furnace oil in 30 Canadian cities plus the average Canada price. Prices by city. Prices by year. All fuels in a combined price chart. Wholesale Prices.