2012 Tax return adjustment (IEC)
#1
2012 Tax return adjustment (IEC)
Hi,
So after a quick call to CRA regarding another issue where I had to re-pay OSTC and GST/HSTC that was paid to me in error after I left Canada, the agent highlighted that my 2012 return wasn't filed correctly as an immigrant return, i.e it was filed for the full year rather than from January 10th 2012 when I entered on IEC and he advised that to ensure my returns are all above board I file an adjustment. Question is, how do I indicate this on an adjustment form T1-ADJ? I'll probably owe some money but I'd rather have everything correct.
Lesson learned... it's not always better to pay someone to do your return for you
So after a quick call to CRA regarding another issue where I had to re-pay OSTC and GST/HSTC that was paid to me in error after I left Canada, the agent highlighted that my 2012 return wasn't filed correctly as an immigrant return, i.e it was filed for the full year rather than from January 10th 2012 when I entered on IEC and he advised that to ensure my returns are all above board I file an adjustment. Question is, how do I indicate this on an adjustment form T1-ADJ? I'll probably owe some money but I'd rather have everything correct.
Lesson learned... it's not always better to pay someone to do your return for you
#3
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: 2012 Tax return adjustment (IEC)
In Section C of the T1 Adj put line 300 Basic personal amount. Previous 10,822 Change 296 Revised 10526. In the explanation box below say that you became a tax resident on January 10 but did not prorate the personal amount.
You will likely owe them about $60 plus a bit of interest.
You will likely owe them about $60 plus a bit of interest.
#4
Re: 2012 Tax return adjustment (IEC)
In Section C of the T1 Adj put line 300 Basic personal amount. Previous 10,822 Change 296 Revised 10526. In the explanation box below say that you became a tax resident on January 10 but did not prorate the personal amount.
You will likely owe them about $60 plus a bit of interest.
You will likely owe them about $60 plus a bit of interest.
#5
Binned by Muderators
Joined: Jul 2007
Location: White Rock BC
Posts: 11,682
Re: 2012 Tax return adjustment (IEC)
Ah yes, that will make a difference. You have to be a tax-resident of Canada throughout the year to claim the WITB.
#6
Re: 2012 Tax return adjustment (IEC)
Should I note that on the adjustment form the amount I received for WITB along with the allowance change or is it something they'll automatically do when reassessing my return following the other info provided?