Can I make a cash or in kind contribution in U.S. dollars?
Yes, you can make a cash or in kind contribution in U.S. dollars. The funds you contributed will remain in U.S. dollars on your account, but the receipt issued will reflect the Canadian dollar equivalent. Any such contributions are considered deemed dispositions for tax purposes. Under normal circumstances any capital gain will have to be declared but you may not claim any resulting capital loss. Please consult with a qualified tax advisor for more information.
