Filing taxes as a non-resident
Has anyone ever gone through this before?
I worked abroad from 2010 until 2014, but got a letter the other day the CRA wanted me to file 2012/2013 returns.
I got ahold of the guy, and he said they had a T4 for me from 2013, so he wanted me to do my taxes, and sent me all the tax forms they had for me.
Anyways, best I can figured what happened was work transferred me from my other country to Canada's payroll around Dec 29th (Despite starting work Jan 2), so I had a T4 I didn't know about for the 2013 tax year for about $600. Then there were also a few hundred dollars in dividends from both my Canada and US Direct investing accounts. I had told them I was going to be going non-resident in 2010, and they said they'd take tax out like the US does, but that never happened.
https://www.canada.ca/en/revenue-agency ... l#txblgtns
Anyways, my questions are, I need to pay tax on Canadian Source income. I'm assuming US Companies, held in USD, but at a Canadian institution would not be that? The T5 for my USD account has the dividends listed as "foreign income". and "actual amount of eligible dividends" on the CAD side.
Additionally, in terms of cap gains (I had a preferred stock mature, and a company got bought out - didn't sell anything) I assume that also does not apply, as it seems cap gains for non residents are limited (more or less) to real property, private businesses, etc. Additionally since I was deemed to have "sold" everything when I initially moved, the accountants said that as far as Canada was concerned, capital changes between when you were a non-resident to re-establishing it where not their concern.
https://www.canada.ca/en/revenue-agency ... perty.html
Just sort of funny that they're scraping the bottom of the barrel after a decade for a couple of tax returns that might break 4 figures if they're lucky.
Not looking for official tax advice yadi yadi yadda, just want to know if there's anyone who's done this before and if I'm reading it right.
I worked abroad from 2010 until 2014, but got a letter the other day the CRA wanted me to file 2012/2013 returns.
I got ahold of the guy, and he said they had a T4 for me from 2013, so he wanted me to do my taxes, and sent me all the tax forms they had for me.
Anyways, best I can figured what happened was work transferred me from my other country to Canada's payroll around Dec 29th (Despite starting work Jan 2), so I had a T4 I didn't know about for the 2013 tax year for about $600. Then there were also a few hundred dollars in dividends from both my Canada and US Direct investing accounts. I had told them I was going to be going non-resident in 2010, and they said they'd take tax out like the US does, but that never happened.
https://www.canada.ca/en/revenue-agency ... l#txblgtns
Anyways, my questions are, I need to pay tax on Canadian Source income. I'm assuming US Companies, held in USD, but at a Canadian institution would not be that? The T5 for my USD account has the dividends listed as "foreign income". and "actual amount of eligible dividends" on the CAD side.
Additionally, in terms of cap gains (I had a preferred stock mature, and a company got bought out - didn't sell anything) I assume that also does not apply, as it seems cap gains for non residents are limited (more or less) to real property, private businesses, etc. Additionally since I was deemed to have "sold" everything when I initially moved, the accountants said that as far as Canada was concerned, capital changes between when you were a non-resident to re-establishing it where not their concern.
https://www.canada.ca/en/revenue-agency ... perty.html
Just sort of funny that they're scraping the bottom of the barrel after a decade for a couple of tax returns that might break 4 figures if they're lucky.
Not looking for official tax advice yadi yadi yadda, just want to know if there's anyone who's done this before and if I'm reading it right.