scorpioncapital Posted March 11, 2015 Share Posted March 11, 2015 For many years now I've used the standard method of calculating capital gains of taking the cost at purchase converted to CDN and then taking the price at disposition converted to CDN. Yet I realize that this results in phantom gains which one is taxed on. For example, if I keep the US funds and stocks in US dollars even after selling it, if the exchange rate changes alot (as it has recently from 1:1 to 1.25), but keep the funds in US dollars, does this mean that you pay a capital gains tax even if you have not converted the funds to Canadian dollars, having to pocket the tax from your reserves? Link to comment Share on other sites More sharing options...
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