Deferred Tax Payment of Income from Deemed Disposition

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.

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nelsona
Posts: 15980
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Deferred Tax Payment of Income from Deemed Disposition

Post by nelsona » Fri Mar 29, 2019 10:57 am

After the ten year mark, you respond to their request as I outlined earlier. Please view responses made to others as if they were to you.
Nelsona Non grata. Non pro. Search previous posts. Happy Browsing :D

cnytax
Posts: 50
Joined: Sat Jul 16, 2011 11:28 am

Re: Deferred Tax Payment of Income from Deemed Disposition

Post by cnytax » Fri Mar 29, 2019 3:25 pm

Hi,

It's a long time ago but if memory serves, my wife was asked to provide a Letter of Guarantee to Revenu Quebec. I believe she deposited the money in a GIC which was kept in an account at TD Canada Trust. The idea was that when she returned to Quebec, she would get the money back.

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