Bank of Canada Exchange Rate Lookup
Official exchange rates for T1135 foreign asset reporting, foreign income conversion, and tax purposes. Access daily, monthly, and year-end rates for 26+ currencies with CRA-compliant conversions.
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
T1135 Year-End Rates
ACB Currency Effect Calculator
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 - 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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About This Calculator
This Bank of Canada Exchange Rate Lookup tool provides official exchange rates from the Bank of Canada's Valet API for Canadian tax reporting purposes. The Canada Revenue Agency (CRA) accepts Bank of Canada exchange rates as the primary standard for foreign currency conversions, making this tool essential for T1135 foreign asset reporting, foreign income conversion, and adjusted cost base (ACB) tracking for investments. The calculator offers four progressive disclosure levels to serve different use cases: Level 1 provides quick single-date lookups for spot rate conversions (80% use case), Level 2 includes a currency converter that automatically calculates CAD equivalents using official rates, Level 3 offers bulk year-end rate lookups specifically designed for T1135 reporting where December 31 exchange rates are required to value foreign property holdings, and Level 4 provides date range historical lookups for ACB tracking when calculating capital gains on foreign investments. Supporting 26 major currencies including USD, EUR, GBP, JPY, CNY, AUD, CHF, and more, this tool ensures CRA-compliant foreign currency conversions for personal and corporate tax returns. All rates come directly from the Bank of Canada Valet Web Services, the same data source used by financial institutions and tax professionals across Canada.
Key Features
- Quick single-date exchange rate lookup for 26+ currencies (USD, EUR, GBP, JPY, etc.)
- Currency converter with automatic CAD conversion using official Bank of Canada rates
- Bulk T1135 year-end rate lookup: Get December 31 rates for multiple currencies at once
- Date range historical lookup for ACB tracking and capital gains calculations
- CRA-compliant exchange rates from Bank of Canada Valet API (official government source)
- Weekend/holiday handling: Automatically uses most recent business day rate
- Tax context guidance: Explains T1135 reporting, foreign income conversion, and ACB rules
- Inverse rate calculations: Shows both CAD-to-foreign and foreign-to-CAD conversions
When to Use This Calculator
- T1135 foreign asset reporting: Get December 31 year-end rates to value US stocks, UK real estate, or other foreign property holdings
- Foreign dividend income conversion: Convert USD dividends received on a specific date to CAD for tax return reporting
- Employment income from abroad: Calculate CAD value of foreign salary payments using spot rates on receipt dates
- Adjusted cost base tracking: Retrieve historical purchase date rates when calculating capital gains on foreign investments
- Currency conversion for expenses: Convert business travel expenses or foreign purchases to CAD using official rates
- Multi-currency portfolio valuation: Bulk lookup year-end rates for portfolios holding USD, EUR, GBP, and other foreign assets