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Gold/Mining/Energy : TAXES, TAXATION, TAX and Canadian stocks

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To: Sans Souci who started this subject	8/1/2000 6:51:31 PM
From: Sans Souci	Read Replies (2) of 548

How do I report foreign capital gains/losses wrt. currency conversion rate? ie., lets say I buy 1,000 shares of an American company in Feb. for US$50/share and sell them in Oct. for US$75. When and how do I handle the $US->$CDN conversion? (so it will mesh with my $CDN-based tax return) Do I do two separate conversions, one in Feb., and another in Oct.? Or, do I calculate the US$ capital gain in Oct., then do a single $US->CDN conversion on the gain amount only? What conversion factor(s) do I use? (take an approximation, or are there "official" Rev. Canada rates to use for each month?) Thanks in advance, S/S

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