Form T1262 Part XIII.2 Tax Return for Non-resident's Investments in Canadian Mutual Funds - Canada

Form T1262 - Part XIII.2 Tax Return for Non-resident's Investments in Canadian Mutual Funds is used by non-residents of Canada to report their income and pay taxes on their investments in Canadian mutual funds. It ensures that non-residents accurately report their investment income and fulfill their tax obligations in Canada.

Individuals who are non-residents of Canada and have investments in Canadian mutual funds file the Form T1262 Part XIII.2 Tax Return.

FAQ

Q: What is Form T1262?
A: Form T1262 is a tax return used by non-residents to report their investments in Canadian mutual funds.

Q: Who is required to file Form T1262?
A: Non-residents who have invested in Canadian mutual funds are required to file Form T1262.

Q: What information is required on Form T1262?
A: Form T1262 requires information about the non-resident's investments in Canadian mutual funds, including income, gains, and losses.

Q: When is Form T1262 due?
A: Form T1262 is due on or before June 30 of the year following the tax year being reported.

Q: Is there a penalty for late filing of Form T1262?
A: Yes, there may be penalties for late filing of Form T1262.

Q: Are there any exceptions to filing Form T1262?
A: There may be exceptions for certain non-residents, depending on their specific circumstances. It is best to consult with the CRA or a tax professional for guidance.