Foreign-currency proceeds, adjusted cost base, and outlays must be translated to Canadian dollars at their applicable transaction times. Sched3 uses the recorded trade-date rate for each amount and blocks filing readiness when the rate, date, or source is missing.
Bring in activity from Questrade, IBKR, Wealthsimple, or any broker with US-dollar holdings. Sched3 retains the trade date, original currency, recorded rate, and source evidence.
Each transaction uses its recorded transaction-date rate. Bank of Canada, broker, accountant, and reviewed-override sources are supported; missing provenance creates a blocking review item.
Your ACB is stored in CAD, your proceeds are in CAD, and the resulting gain or loss is ready for Schedule 3 — all in one pass.
Sched3's tax ledger uses the recorded trade date for acquisitions and dispositions and preserves settlement date separately as broker evidence. The workpaper shows the exact date, rate, and source used.
Technically, holding USD in a brokerage account and converting back to CAD later can create its own capital gain or loss on the currency. Sched3 tracks this separately when material, so nothing is double-counted.
Brokers that hold balances in multiple currencies report in the original currency. Sched3 handles the per-leg conversion regardless of how the broker formats the export.
Per-transaction USD/CAD evidence controls are included with the DIY plan. Multi-currency accounts and IBKR activity statements are supported on Active.
Manual entry, 1 portfolio, basic ACB & CSV export.
Broker import, superficial loss detection, FX support, splits & DRIPs.
The full workflow: T5008/T3, traded options, crypto, equity comp, corporate actions and accountant export.
Multi-client dashboard, client import links, bulk import, branded reports. Pricing shaped with early-access firms.
Use a rate applicable to each transaction rather than silently substituting one year-end rate. CRA guidance says to convert proceeds at the exchange rate in effect when you sold, ACB when you acquired, and outlays when incurred; document any consistent source and methodology used.
The transaction record identifies the source used: Bank of Canada, broker evidence, accountant workpaper, or reviewed override. Sched3 does not label a rate as Bank of Canada unless that provenance is stored.
Norbit's Gambit (buying DLR and selling DLR.U to convert currency cheaply) creates a small capital gain or loss on the conversion vehicle. Sched3 treats it like any other buy-and-sell — you import both legs and the ACB and gain are computed correctly.
Technically yes — if you hold USD cash in your brokerage account and convert it back to CAD at a different rate than you received it, the difference is a capital gain or loss. In practice this is often immaterial for short holding periods, but Sched3 can track it when needed.
Broker-displayed CAD book values may use a broker methodology and only reflect activity within that account. Sched3 pools from the underlying transactions and preserves the rate source used so your reviewer can reconcile the difference.
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