Serbinski Accounting Firms

1. Problem is I didn't notify financial institutions of my departure, so T3's are showing dividends and other amounts paid to me as if I was resident for the whole year. And since you mentioned interest, I have T5's reporting interest paid to me for the whole year. I suppose if I had done things rig...

Thanks for the continuing feedback nelsona. 1. Ok, that explains the need to report T3 cap gains/losses separately from deemed disposition cap gains/losses. One more question about T3 entry on departure returns: do we need to pro-rate gains/losses, dividends, and "other income" amounts on ...

[quote="nelsona"]You fill out T1243 AND you report the gains and losses on Schedule 3. [/quote] 1. I'm a bit confused about how to handle Schedule 3. I have T3's indicating capital gains/losses, and Schedule 3 has a specific place for entering the gains/losses from T3 slips. But now I want...

Thanks very much for the prompt feedback nelsona. I guess I'll have to face the music and deal with the penalty. [quote="nelsona"] 2. She does not need to file T1161 if her the reportable assets did not exceed $25K value on departure date. You and she still need to report the deemed dispos...

I'm very late in doing my departure return, and I've just discovered the whopping $2,500 CAD fee for filing the T1161 form so late. :cry: My questions are: 1. Would a successful application under the Voluntary Disclosure Program (VDP) lead to waiving of the T1161 penalty? 2. I'm assuming I need to f...