Amélie Guimont, "Denial of Capital Losses from Foreign Currency Fluctuations", Canadian Tax Focus, Vol. 3, No. 2, May 2013, p.4.

... New subsection 39(2) does not apply to any capital gain or capital loss to which subsection 39(1) applies. ...Therefore, subsection 39(2)...

The text of this content is paywalled except for the first five days of each month. Subscribe or log in for unrestricted access.