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Old 03-30-2025, 09:15 PM   #163
TorqueDog
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Join Date: Jul 2010
Location: Calgary - Centre West
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My ROC thing has been answered by a friend who used to work at CRA and knows how to navigate their stupidity.

For someone like me who uses Questrade, I have to file as though the information I have from the fund is true and what I have from Questrade's T5 is wrong. Use IRS Form 8937 to show how much of each periods distributions are ROC versus foreign income through dividends, and report it that way.

When slip matching happens in June/July and CRA reassesses because the T5 doesn't match your numbers, send them the relevant documentation that shows the ROC amounts that back up your numbers and show the T5 to be incorrect.

Just a few extra, annoying steps.
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Quote:
Originally Posted by Azure
Typical dumb take.
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