: How can I know undoubtedly how much USD I can deposit in RRSP and TFSA? I have USD that I want deposit in RRSP and TFSA without converting to CAD. But I don't want outpace my RRSP Deduction Limit and TFSA Contribution Room.

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How can I know undoubtedly how much USD I can deposit in RRSP and TFSA?
I have USD that I want deposit in RRSP and TFSA without converting to CAD. But I don't want outpace my RRSP Deduction Limit and TFSA Contribution Room. How do I know doubt-lessly which exchange rate?

Is Reddit correct? TFSA contribution in USD : PersonalFinanceCanada

The CRA directs you to use the Bank of Canada official daily exchange rates.

Use the rate for the day you contribute the money to your TFSA.

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