US tax resident how to file Canadian T5 form

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
sanipuga
Posts: 4
Joined: Mon May 18, 2009 6:41 pm

US tax resident how to file Canadian T5 form

Post by sanipuga »

I left Canada in December 2008. I transferred my tax home to US by amending my 2008 tax as departure tax. CRA sent me back my revised assessment as departure tax. However, this year I received t5 forms from my brokerage account in Canada for my dividend income . I noticed the brokerage account my departure in 2009. So the address on the slip is my US address. Do I include the dividend income in my US tax return or I need to file return with CRA? I just filed my US tax return a few days ago. Can I amend it without any penalty?
Top
nelsona
Posts: 18679
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Since you are no longer Cdn resident, this isncome is not taxable in canada. You report it in US.
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
Top
Post Reply

Return to “Canada / United States Tax & Accounting”