Serbinski Accounting Firms

Thanks again,

one last question - is the witholding tax payable on the "actual" or "taxable" amount of dividends?

I should add as well that we're talking about a pretty small amound of income - a few hundred dollars, so the witholding tax is going to be about 30-40$ CAD. Perhaps the CRA won't even care, but I worry about incurring their scrutiny....

thanks for your quick reply.. incidentally, I did file a proper departure return last year, and did a deemed disposition of the mutual funds (I discussed this at the time with the broker so imagine my surprise to receive a T5 this year). I had a T5 for the dividends last year; at the time I didn't u...

Hi, I'm a Canadiancitizen/UK resident. I left Canada in early 2009 but there was a cock up with a small mutual fund account I hold back in Canada - essentially, despite several conversations with them, they neglected to keep back the necessary witholding tax and some dividends I received and sent a ...

OK - so with respect to residence, essentially what you're saying is that any number of secondary residency ties in Canada don't matter as long as you are habitually resident, and considered a resident for tax purposes, of the UK. I don't need to be worried about cancelling my credit cards, DL, etc....

Thanks for the info: With respect to liquidating the assets - can they demand I do this? I understand that I can't trade as a non-resident but muy intent was just to let the funds sit (as they've been doing for the last 10 years or so). I know of other people who have just let these accounts sit so ...

PS: my accoutant has said that if/when I go back to Canada the 'disposition of property' for my mutual funds can be 'unravelled'. Is this necessary? If so, what are the benefits of doing this?

Hi there, I am a a Canadian living in the UK (canadian non-resident for tax purposes based on tax treaty). My parents recently received a T5 for some dividends from a mutual fund account that I set up years ago when I still lived in Canada. Essentially, I did a deemed disposition of property with my...