Hello. I moved back to Canada late in 2005 and duly advised my banks that I was once again a resident of Canada so that they could stop taxing me 10% each month off of my earned interest.
The banks goofed and both deducted 10% for one to three months and issued me an NR4.
Can I get this money back? What do I do with the NR4s? Can I indicate the taxes paid when I file my return?
thanks for your advice.
david ingram replies:
No problem - happens all the time -
Put the amount of interest received on schedule 4 of your T1 tax return and include the amount of tax deducted on the NR4 on line 437 (total income tax dedcuted) along with any other tax deducted.
Do NOT EFILE.
Send in a paper copy and include copies of your NR-4 slips.
CEN-TA Cross Border Services - Tax, Visas, Immigration