NR4

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

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Junoon123
Posts: 27
Joined: Fri Nov 23, 2012 9:55 am

NR4

Post by Junoon123 »

Does the bank report IRs and or cra with this information
curious
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

yes
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
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Junoon123
Posts: 27
Joined: Fri Nov 23, 2012 9:55 am

Post by Junoon123 »

Sorry Nelson but if its a Canadian bank with income less then 500$ for the year do they report this to IRS or CRA? Or Both?
Thanks
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Junoon123
Posts: 27
Joined: Fri Nov 23, 2012 9:55 am

Post by Junoon123 »

Sorry Nelson where does this income go i have one for 5$ and one for 460$
Thanks
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Junoon123
Posts: 27
Joined: Fri Nov 23, 2012 9:55 am

Post by Junoon123 »

Sorry for all this mess.
It says code 61 exemption code s this is the first time i have got this from Canada rev agency ive never got anything like this in the past
Thanks
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nelsona
Posts: 18675
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

This is a mechanics question. Report the income based on the type of income.
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
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Junoon123
Posts: 27
Joined: Fri Nov 23, 2012 9:55 am

Post by Junoon123 »

Thanks Nelson i really appreciate your help.
I will do just that
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