I have some US ETFs paying regular distributions that include a Return of Capital portion. While TD Direct Investing will ensure the ROC portion is not included on the T5, and WealthSimple will provide an amended T5 if you provide documentation outlining the ROC portions of the distributions, neither -- rather annoyingly -- applies to Questrade who will include the amount on the T5 and apparently won't provided amended T5s, which is really making me rethink if I want to keep my main investment account with them in spite of their new $0 commissions scheme.
So my question to the tax guys in the thread is, if you report a value other than the amount on the T5 and include the relevant documentation outlining the ROC portion of the foreign income, are you setting yourself up for a painful CRA audit?
__________________
-James
GO FLAMES GO.
Quote:
Originally Posted by Azure
Typical dumb take.
|
|