Rules · XB
XB-04 — Foreign currency conversion, ETA s.159
Stale — principle only — The principle holds; a figure or date in it may not. Check the figure before you use it.
Stale — principle only (rate box shows NS at 15%)
Foreign currency conversion, ETA s.159: convert at the value of the foreign currency in Canadian dollars on the day the GST/HST is payable, or on another day CRA accepts — the day consideration is paid, the day the currency was acquired, or an average rate for the month in which tax became payable. Acceptable sources: the source actually used for the conversion, the source the person normally uses, a Canadian chartered bank, the Bank of Canada, or the CBSA value-for-duty rate. A rate database that does not actually buy and sell currency is not acceptable. The chosen day and source must be applied consistently for a reasonable period, such as one year, and documented. Weekends and holidays use the previous business day. Supplier and recipient need not use the same method
Sources
- Memorandum 3-6 (primary) · local copy
Record
Changes mentioning XB-04
| Date | Change |
|---|---|
| 28 Aug 2026 | Added the banned source's own URL to the Source column of 8 Part 4 rows. The Confirm at URLs alone were not matchable: they point at the replacement authority, so a checker matching on them would have rejected the correct source and passed the banned one. With Source URLs in place, exactly two rows are true dual-listings — Memorandum 3-6 (also XB-04) and RC4022 (also REG-03, TIM-01), the two the |