b4 form upon returning to Canada
Moderator: Mark T Serbinski CA CPA
b4 form upon returning to Canada
Hi I realize that when clearing customs upon returning to Canada there is a B4 form for inventory list. It actually asks for the date of departure and of course arrival so i wonder if they ie the CRA match this with the date on the departure return. Sounds pretty much they might do that. So hopefully that does not lead to issues ?
thanks
thanks
What issues? They are really only trying to ensure that you were gone "long enough" to be allowed to use the returning resident forms.
Why would your departure date not 'roughly' coincide with what you reported to CRA
Why would your departure date not 'roughly' coincide with what you reported to CRA
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
hi
On a related note, I have a question. If I move my goods back and put them into storage or so and then do not permanently return to Canada until a later date (to travel and visit relatives in Latin America for instancce) would my tax residency in Canada begin on the date I return or the date I put the goods into storage after clearing customs ? In a sense I would not be establishing any real ties except the storage until I move back later. Thanks
Absent of a permant home elsewhere, you will have declared your intentions to return to canada, and would have sufficient minor ties in Canada to make you resident.
That said, if you are travelling the world, you aren't generating any income, so what would it matter if your tax residency occured at that time?
That said, if you are travelling the world, you aren't generating any income, so what would it matter if your tax residency occured at that time?
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
p
Well I thought a combination of minor ties (secondary) was sufficienc to make me resident but perhaps this is more an intent issue ie moving the goods back. It is strange how having goods here can make one resident. In most countries once one deregisters with the tax authorities it does not matter whether you have goods there or not so this ties thing is pretty special.
That said, you are right in that if I am not working, it would not really matter except that I would have to file a return so not that big of a deal. But for 2012 since there are only 2 months left, I'd love to not have to file the paperwork. If it was January I would not care as I would have to file for 2013 anyway.
Tough for me. Where should I keep the goods for the rest of 2012 ?
Thanks !
That said, you are right in that if I am not working, it would not really matter except that I would have to file a return so not that big of a deal. But for 2012 since there are only 2 months left, I'd love to not have to file the paperwork. If it was January I would not care as I would have to file for 2013 anyway.
Tough for me. Where should I keep the goods for the rest of 2012 ?
Thanks !
I'm not in favour af artificailly creating departure/return dates.
If you don't want to move back to canada this year, then don't bring your stuff either.
If you don't want to move back to canada this year, then don't bring your stuff either.
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