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.
... but remember to list the deemed dispositions on the schedule 3 you generate in ufile.
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
I left Canada 7 years ago actually and I am not sure if my accountant filed the T1161. Of course I will ask but will this penalty be imposed on me when I return ? I did not have gains in excess of $50k.
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