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How do I transfer shares from Canadian dollars into US dollars?

< 1 min read

To complete this scenario you can use the “Swap” transaction supported in the worksheet. This transaction is used where the ACB of an asset is reduced according to the quantity of shares (usually all of them) and “purchased” as a net asset without any cash effect.

The first “Swap” transaction must be the shares transferred (disposed) followed by the shares acquired (purchased). The reduction of ACB in the shares transferred must agree with the ACB of shares acquired.