Hi
we filed departure return last year (2008 canadian return). we don't want to file canadian return for 2009. But my wife has 2 bank accounts in canadian bank. One canadian $ account, another US $ account. she got some interests from both account. the bank only withheld some interest from her US $ account, but without holding any interest from her Canadian $ account. Does my wife have to file Canadian return for the interest she received?
thanks
do I need to file canadian tax on interest from CA bank?
Moderator: Mark T Serbinski CA CPA
neither account should have been withheld. in any evrnt report the interest only in US. Its not reportable in Canada by non-residents
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best