Form T1248 Schedule D Information About Your Residency Status - Canada

Form T1248 Schedule D "Information About Your Residency Status - Canada" is used by individuals who are claiming to be non-residents of Canada for tax purposes. This form is used to provide the Canada Revenue Agency (CRA) with information about the taxpayer's residency status, including their ties to Canada and other countries. It helps the CRA determine if the individual should be considered a resident or a non-resident for tax purposes.

In Canada, individuals who are non-residents for tax purposes are required to file Form T1248 Schedule D to provide information about their residency status.

FAQ

Q: What is Form T1248?
A: Form T1248 is used to provide information about your residency status in Canada.

Q: Why is it important to know your residency status?
A: Knowing your residency status is important for tax purposes, as it determines your tax obligations in Canada.

Q: Who should fill out Form T1248?
A: Form T1248 should be filled out by individuals who are not residents of Canada for tax purposes.

Q: What information is required on Form T1248?
A: Form T1248 requires information about your personal details, such as name, address, and social insurance number, as well as details about your residency status.

Q: When should I file Form T1248?
A: Form T1248 should be filed as soon as possible after you become a non-resident of Canada for tax purposes.

Q: What happens if I don't file Form T1248?
A: Failing to file Form T1248 or providing false information can result in penalties or other consequences from the CRA.

Q: Can I get help with filling out Form T1248?
A: Yes, you can seek assistance from a tax professional or contact the CRA for guidance on filling out Form T1248.