Statistics Canada's June trade release flagged the Canadian dollar's steepest monthly decline since October 2022, a drop of 1.7 cents US. Bank of Canada data shows the softening continued into July, with the currency down roughly 2.4 cents from February's 73.25 cents US. The move carries a tax-tracking wrinkle: the $200 exemption under subsection 39(2) applies only to cash conversions, not to securities dispositions or corporate accounts, which face full FX gain or loss inclusion.
This chart is presented for general informational purposes only and does not constitute financial, investment, tax, or legal advice. Figures reflect the source and period indicated and may no longer be current.
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