Hey all,
I have just emailed my bank and it seemed that they put me down as a tax resident of Canada and not a tax resident of any other country in my application when I opened my account.
I am panicking since I came to know this and the reason is that I soft landed in 2019 opened an account and a credit card but never put any money in my account and never used the credit card at all (both brand new) in turn I didnt file any taxes for 2019.
Do I need to do that now? Also do I need to report my income where iam working now (oustide Canada)?
Hey navinball, thanks for your prompt response.
This is what I am aware of but steaky (the vip blog member) pointed out that I need to check the bank and see if they marked me as a tax resident or not and based on that I will have to pay.
This is what made me email them and check and they said that I am marked as a tax resident
Are these just information and the bank doesnt report anything to CRA?
Hey navinball, thanks for your prompt response.
This is what I am aware of but steaky (the vip blog member) pointed out that I need to check the bank and see if they marked me as a tax resident or not and based on that I will have to pay.
This is what made me email them and check and they said that I am marked as a tax resident
Are these just information and the bank doesnt report anything to CRA?
It's probably because you landed as a PR. I wouldn't worry too much about it. As long as you have evidence that you did not establish any ties to canada in 2019 other than a bank account and sin, you should be good.