Guides for pooled adjusted cost base across multiple brokerages and Bank of Canada FX conversion for USD trades.
The Bank of Canada daily closing rate is the standard reference for converting USD trades to CAD for Canadian tax purposes. Here is how to find the right rate, handle non-business days, and avoid the most common conversion errors.
Canadian tax law requires one pooled ACB for identical securities across all your taxable accounts — not one per brokerage. Here's what that means in practice.
Canadian investors who hold US-listed stocks must convert proceeds and adjusted cost base to CAD using the Bank of Canada rate on each transaction date — not a flat annual average.