Bank of Canada Exchange Rate Lookup
Look up official Bank of Canada exchange rates for any date. Perfect for tax reporting, T1135 forms, foreign income conversion, and ACB calculations. CRA-accepted rates for 26+ currencies.
Quick Exchange Rate Lookup
Get official Bank of Canada exchange rates for any date
CRA Accepted Exchange Rates
The Canada Revenue Agency (CRA) accepts Bank of Canada exchange rates as the official standard for tax reporting purposes, including:
- T1135 Reporting: Foreign asset values (use Dec 31 year-end rates)
- Foreign Income: Convert dividends, interest, employment income (use spot rate on receipt date)
- ACB Tracking: Adjusted cost base for foreign investments (use purchase date rate)
- Capital Gains: Convert foreign proceeds to CAD (use sale date rate)
Weekend/holiday dates use previous business day
Data Source & Tax Guidance:
- Exchange Rates: Bank of Canada Valet API
https://www.bankofcanada.ca/valet/ - T1135 Reporting: Foreign Income Verification Statement
https://www.canada.ca/en/revenue-agency/.../t1135.html
Questions and Answers about Form T1135 - Foreign Currency Conversion: Income Tax Folio S5-F4-C1
CRA Income Tax Folio S5-F4-C1 - ACB & Capital Gains: Adjusted Cost Base Guide
https://www.canada.ca/en/revenue-agency/.../t4037.html
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