Tax Memo: Functional Currency Election: Proposed Revisions and Extended Deadline

View this page in: Français

On June 27, 2008, the Department of Finance issued a news release proposing measures to ease tax compliance for Canadian corporations that report earnings in a foreign currency. The changes will:

extend the deadline to elect functional currency tax reporting to October 31, 2008
make several technical changes to the functional currency reporting rules

Tax Memo: Functional Currency Election: Proposed Revisions and Extended Deadline (89 KB)
Download the full PDF Tax Memo.

Contact

Related services

Our Tax Services

© 2008-2009 PricewaterhouseCoopers LLP. All rights reserved. "PricewaterhouseCoopers" refers to PricewaterhouseCoopers LLP, an Ontario limited liability partnership, or, as the context requires, the PricewaterhouseCoopers global network or other member firms of the network, each of which is a separate and independent legal entity. *connectedthinking is a trademark of PricewaterhouseCoopers LLP (US).