On one hand you say that you need not report this income on your tax return and then you follow that up with "A final settlement of the tax liability is made when the non-resident files a Canadian income tax return". So this information needs to be entered somewhere. I also have disposed of a life insurance policy and have spoken to CRA who told me I need to file a tax return even though I received a t2062b and the tax was withheld. I was told I needed to file under Section 217, So I signed up for Turbotax and filled out my information and went to section 217 which deals with filing as a non resident but could not find any place to list income earned from life insurance surrender or disposition. My wife also had disposed of her life insurance policy and for some reason they forgot to withhold any money and she did not receive a t2062b and I have no idea where to enter that on Turbotax.
Help Please,
Frank
