Translation of "Comptes établis en monnaie étrangère " (French → English) :

translation methods | translation of foreign currency methods

translation method [ translation of foreign currency method | method of translation of foreign currency ]

foreign currency financial statements

translation of foreign currency financial statements

translation of foreign currency [ foreign currency translation ]

translation of foreign currency | foreign currency translation

(ii) subparagraph 94.1(1)(b)(vii), the definition “foreign currency debt” in subsection 111(8), subsection 142.4(1), and the definition “amortized cost” in subsection 248(1) to “currency of a country other than Canada” is, in respect of the taxpayer and the particular taxation year, and with such modifications as the context requires, to be read as a reference to “currency other than the taxpayer’s elected functional currency”;

44 (1) Subject to subsection (2) and section 45, where an amount that is used or taken into account for any purpose in the administration or enforcement of the Act is expressed in the currency of a country other than Canada, the equivalent dollar value of that amount shall be calculated by multiplying that other currency amount by the prevailing rate of exchange referred to in section 5 of the Currency Exchange for Customs Valuation Regulations in respect of that currency for the date of sale.

(10) Subsection (11) applies in computing at any particular time a taxpayer’s gain or loss (in this subsection and subsection (11) referred to as the “new gain” or “new loss”, as the case may be), in respect of any part (which in this subsection and subsection (11) is referred to as the “relevant part” and which may for greater certainty be the whole) of a foreign currency debt of the taxpayer, arising from a fluctuation in the value of the currency of the foreign currency debt (other than, for greater certainty, a gain or a capital loss that arises because of the application of subsection 111(12)), if at any time before the particular t ...[+++]ime the taxpayer realized a capital loss or gain in respect of the foreign currency debt because of subsection 111(12).

Other major increases include $120 million for the crisis pool quick release mechanism to allow Canada to respond quickly to major international crisis and disasters involving a multilateral response; as well as $19.3 million for additional costs related to assessed contributions, mainly due to currency fluctuations given that the payment of these contributions is in foreign currency.