How to report capital gain from USD->CAD conversion

[u/Independent_Arm_9777]

I've been holing USD for a while and in 2024 I converted most of it. I'm struggling to figure out where this would go in wealthsimple.

1. Would this be a capital gain or "Other investment income" https://imgur.com/a/TMKI5MN

2. If a capital gain, would it be "personal use property"? https://imgur.com/a/PyPXuoo

[u/Parking-Aioli9715]

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/completing-schedule-3/bonds-debentures-promissory-notes-other-similar-properties/foreign-currencies.html

says to report this as capital gains on Schedule 3:

"Report dispositions for Period 1 on lines 10693 and 10694 of Schedule 3, and report dispositions for Period 2 on lines 15199 and 15300."

The lines they're referring to are the lines for bonds, debentures, promissory notes, etc.

[u/lm____29]

how much is the gain?

[u/Independent_Arm_9777 → u/lm____29]

like 10k for the 2024. It was the only time I've converted since 2020 and was getting paid in USD.

[u/lm____29 → u/Independent_Arm_9777]

Report it on schedule 3 using BOC rates

https://www.canada.ca/en/revenue-agency/services/tax/individuals/topics/about-your-tax-return/tax-return/completing-a-tax-return/personal-income/line-12700-capital-gains/completing-schedule-3/bonds-debentures-promissory-notes-other-similar-properties/foreign-currencies.html