Quote:
Originally Posted by You Need a Thneed
I have a T5 from my high interest savings here, so if I got a T3, it wouldn't have been from that. I have the forms from last years taxes here, and I didn't see any T3. I just looked through my tax stuff for this year yesterday, and I didn't see a T3 either.
I was claiming RRSP amounts on my taxes, because I always assumed that if I didn't have the form, that I had just misplaced it. The amounts are really pretty small ($400 per year contribution). So, I definitely haven't been taxed on it, whether its correctly, or incorrectly we'll have to see.
So, if the bank is in the wrong (they are), I should be totally in the clear tax wise. However, if nothing can be produced to show that they are in the wrong, I'd have filed my taxes incorrectly for a number of years, which I'd legally have to correct, but I'd be free to do with my money as I please. How many years would I have to go back to correct it? Is there a cap on that?
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Well, it's the bank's fault if you can PROVE it's the bank's fault.
I honestly don't know how far back you have to go - I don't think there is a statute of limitations on tax evasion. The fact that RSA hasn't bugged you suggests you are likely in the clear, but the letter of the law is that you have to come forward. Given the small amounts, you don't owe much I am sure. You really have to see if you have a copy of your initial forms to set up the account, and any and all statements/receipts you've received over the years...