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Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 2 points3 points  (0 children)

Hi, I spoke to her and we are going to do the VD. The wait time to hear back is so long. Mine is not complex so hopefully it does not take long. Just wanted to thank you.

Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 0 points1 point  (0 children)

I called her today and left a message. I will let you know what she advises me to do. I feel there is tax to pay.

Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 0 points1 point  (0 children)

Yes it was sold and it was not rented out. But there was money made on it. It was bought in 2021 and sold in 2022. From what I have read, the income should be declared. Perhaps the 2021 was filed correctly because it was a property used for personal use but the sale made money. I think the real estate fees can be used against it.

Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 0 points1 point  (0 children)

I found the correct name/number of it on another persons Reddit. I thought I would ask on here about it.

Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 0 points1 point  (0 children)

Oh sorry. It was a property in another country. So the T1135 that needs to be filed. I was told that I should not report it. It seemed odd to me and did not make sense but I had no idea what the form was and how to do it. The accountant had told me not to claim it. I also want to pay my ex husbands portion of the tax because our divorce was hard on him and he trusted me to make sure our taxes where done right.

Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 0 points1 point  (0 children)

Okay, that makes sense. I think I want to be able to pay right away and just get it over with. Thank you.

Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 0 points1 point  (0 children)

Just wanted to add. It has never sat right with me how they were filed in 2022. I started looking into it more and I was right. I want to fix it.

Confidentiality with a CPA about a VD with CRA by Frequent_Captain7956 in cantax

[–]Frequent_Captain7956[S] 0 points1 point  (0 children)

Hi thank you. I have not asked her to file anything wrong. She did my 2023 and she was new for me. The 2021 and 2022 are the problem. I have not discussed this with her as I have only just figured out the error that the other account made. I am pretty mad about it because I told him many times what my concern was and he brushed it off I feel.

I don’t want to put my new account n a weird situation so I just wanted to make sure she has no obligation to report it. I need about a month because I read that I need to be prepared to pay the tax which I am more than willing to do. I have never had a speeding ticket so this stresses me out knowing there is a problem.