Can a stock de-registration or in-kind de-registration be done in U.S. dollars?
Yes, but for income tax purposes, the value of the U.S. dollars de-registration or in-kind de-registration will be nominally converted to Canadian dollars prior to the application of withholding tax. The previous day’s average exchange rate is used to calculate the Canadian value of the withdrawals. All fees and taxes will be charged to the Canadian side of the account.
