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Left Canada on 4/2013, at which time the FMV of my residence was 309K.
I have now a signed Purchase & Sales Agreement for less than FMV (297K).

Since there is no capital gains, no tax to withhold, do I still need to file anything with CRA (T2062, T2091)?

Thank you

I totally am making it complicated.
Thanks again for your advice and patience!

Just to clarify, I saw in a similar topic that - especially since I anticipate a lower selling price than the FMV at departure - I should fill in T2061 and declare a "deemed disposition" of the principal residence. Since I was a resident until departure the gain would be exempted from tax....

I see, thank you Nelsona. If that is the case, since all I have left in Canada are RRSPs and the house, then I shouldn't file these forms either? T1161, T1243 adn T1244? Do I need to tell CRA now that I have a house left in Canada which used to be my principal residence or that can wait until I actu...

Understood the US side, FBAr and 8891, 8938. For the Canadian side real estate: The house was acquired in 2002 for $272K, FMV on departure (04/01/2013) was $309K. No rental income. USed as principal residence all these years (12 years). Are these actions correct? 1. Obtain "official" FMV v...

Figured it out.. check 5a Beneficiary, 6 a Yes (previous election to defer) and only line 8 year-end balance.

A little tricky for me...
Last year I field a 1040 (LPR but commuter from Windsor to Detroit) as full year resident.
I also filed the 8891 until line 6.
So this year would be my second year of 8891 reporting. Per the form instructions I need to go further down the form.

"If “Yes,â€￾ enter the first year the election came into effect
and go to line 7a."

Underrstood about the sale, thanks again.
Also, a side note on 8891, for undistributed earnings it reads "Interest income. Enter here and include on Form 1040, line 8a..........." This would actually add to my taxable income. How do I actually defer this? Unless the form is wrong.

Thank you, Nelsona.
For the house in Canada, I am planning to obtain a Certificate of Compliance for a proposed disposition, in advance of the actual sale, to avoid having taxes withheld. Are these the proper forms for this purpose? T2062, T2091.

I am looking for the relevant forms I need to file with CRA for my departure return and I am confused between T1161, T1243, T1244, T2062, T2062A, T2091 etc... Help is appreciated. Emigrated from Canada to US on 4/1/2013. I have a principl residence on the market in Canada. Not rented. Target sale Ju...

I understand, thank you nelsona.

I didn't realize joint ownership has the benefit of splitting the tax burden as well. I understand about the 25% of total sale held until clearance comes through.
Thank you nelsona

nelsona: I have full GC since July 2012. My spouse will obtain hers July 2013. Both Canadian citizens. I was CDN resident until July 2012, my spouse still is. I own a property jointly with my spouse; it used to be principal residence until I officially departed from Canada to US last year. resident ...

Thank you, Nelsona

This is the first year that this amount is indicated on the W-2 (afaik).
It shows in the 12d, and in the US the amount is not taxable.
Is this considered taxable income in Canada does it need to be included in the foreign income? Thank you