27 November 2018 CTF Roundtable Q. 14, 2018-0779911C6 - Foreign exchange -- summary under Subsection 20(14)

CRA indicated that where an FX-denominated debt is assigned between interest coupon dates, the amount of the accrued interest translated at the spot rate on the transfer date is what is used both in determining the transferor’s income inclusion under s. 20(14)(a), and the transferee’s deduction under s. 20(14)(b).