If Harry and Meghan become residents of Canada, they’ll have to deal with this dreaded CRA form

While it appears that Prince Harry and Meghan Markle will be coming to Canada for “a period of transition,” it’s unclear yet as to whether they will continue to divide their time between England and Canada or take up residency here. If they ultimately are considered residents of Canada for tax purposes, not only will they be required to file Canadian tax returns but they would be required to disclose all their foreign investment property to the Canada Revenue Agency on form T1135.

The taxpayer owned foreign property during the 2015 tax year with a cost amount more than $100,000. Because of this, she was required to file the T1135. On June 28, 2017, the CRA assessed a late-filing penalty because she submitted her form T1135 for the 2015 tax year on June 22, 2016, but it was actually due on May 2, 2016. The penalty was calculated as $25 per day, times 49 days , plus $72.42 in arrears interest, for a total of $1,297.42.

Displeased with this result, the taxpayer requested a second-level review for relief on Nov. 7, 2018. In that request, she raised a new issue, claiming that she had called the CRA on the individual tax enquiries phone number in either February or March 2016 and was told she could file her tax return late as long as she “had no tax owing.” Relying on this information, she filed her 2015 form T1135 late.

Ya, sure they will. Lol. On us plebs have to do this crap ourselves.

Rich people problems I hope their handlers don't work too hard to accommodate every little whim that they have

Don't worry for them. They are rich enough to hire their own accountant.

Jumped right into tabloid mode. Well done NP 👏

For the love of God, can we please stop talking about these people? This has gone beyond embarrassing.

They have to drink Tim Horton’s coffee or work for Tim’s and still pay CRA taxes. Otherwise go back to UK.

Stop these negative news articles, everybody! They'll change their minds!

is automatically a citizen?

NP is dreaming in technicolor. Ain’t gonna happen unless the Queen or Charlie cuts off their $$ supply and they get 🥾 out of the uk 🇬🇧.

They won’t, but heir accounting team will. Just saying.

I'm confused. Did Canada solve all of its actual problems, or is it just that the media like to hold shiny objects in front of Canadians' faces to distract us from them? If it's the latter, what are we being distracted from? If only we had good media to look into that.

They can always ask the Bronfman’s for tax evasion advice.

Yeah right! There will someone to look after that for them. These newspapers are SO desperate for something to write.

Still don't know how they jumped the line ahead of others who applied normally. Does she still have an active working visa?

We don’t care! This is not news. Leave them alone

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