Section 159

Table of Contents

Section 159 - Value in Canadian Currency
Administrative Policy(3)
Articles(2)

Administrative Policy

GST/HST Memorandum 3-6 Conversion of Foreign Currency July 2018

Use of payment or exchange date, or monthly average, where consistent

5. The following days are acceptable to the Minister for converting the...

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Locations of other summaries Wordcount
Tax Topics - Income Tax Act - Section 261 - Subsection 261(1) - Relevant Spot Rate CRA policies on FX dates and rates in GST/HST context 265

P-222 - "Acceptable Exchange Rate Sources for Converting the Value of Consideration Expressed in Foreign Currency to a Value in Canadian Currency for Purposes of Section 159 of the Excise Tax Act (the "ETA")", 10 December 1998

To convert from foreign currency into Canadian currency for purposes of Part IX of the Excise Tax Act, a person may only use the rate of exchange...

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GST M 300-7-10 "Value of Supply - Foreign Currency"

Articles

Brent Murray, "Foreign Exchange Fluctuations in Net Tax Remittances", Canada GST Monitor, May, 2009, No. 248, p. 1.

Barry Hull, "Foreign Exchange Gains - When is GST Applicable?", GST & Commodity Tax, Vol. XIV, No. 10, December 2000, p. 74.

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