Payment on balance-due day
If you were not required to pay by instalments for a particular tax year, the net amount of taxes in functional currency is to be converted to Canadian currency using the exchange rate on the balance-due day.
If you were required to pay by instalments, see Paying instalments.
Note
Use the Bank of Canada daily exchange rate, to 4 decimal places, of the particular day to convert the net amount of tax owing. If no rate is quoted, use the rate from the closest preceding day for which a rate is quoted.
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