Search found 2 matches

by Rob7
Tue Jan 27, 2015 11:34 am
Forum: Canada / United States Tax & Accounting
Topic: TFSA closed in 2014. Report TFSA and New account?
Replies: 3
Views: 1927

Thank you.

Is there a way to correct an FBAR after it's filed on time initially but now past the deadline?

Should one select providing a reason for being late? Amend? Both?

Rob7
by Rob7
Tue Jan 27, 2015 12:32 am
Forum: Canada / United States Tax & Accounting
Topic: TFSA closed in 2014. Report TFSA and New account?
Replies: 3
Views: 1927

TFSA closed in 2014. Report TFSA and New account?

Hello,

If someone closes a TFSA in one year and transfers the funds to a new account, should he/she report both the TFSA and the new account on the 8938?

Second, I found a mistake in my FBAR from 2013 (filed april 2014). It's wasn't originally late but technically it is because the year entered ...