I inherited money from my late brother's CPF, a government social security savings account in Singapore. A Public Trustee distributed the money to me. Do I file T1142?
Central Provident Fund (CPF) is a
compulsory savings account run by the Government for working Singaporeans primarily to fund their retirement, healthcare, and
housing needs. When my brother died, CPF is not treated as part of his Estate and the account balance is by law distributed to his next of kin. Is this considered as "non-resident trust" under T1142 definition? Or should I file T1135 since the amount exceeded $100,000?
I inherited money from my late brother's CPF, a government social security savings account in Singapore. A Public Trustee distributed the money to me. Do I file T1142?
Also, for further information on the matter, there is this very interesting article about Foreign inheritances in Canada from Allan Madan, he is a CPA, CA and the founder of Madan Chartered Accountant Professional Corporation. Also an International Tax Expert,that may be of interest to you to understand the variables. https://bit.ly/2G1s0ye
I inherited money from my late brother's CPF, a government social security savings account in Singapore. A Public Trustee distributed the money to me. Do I file T1142?
It doesn't appear that Form T1142 can be submitted electronically. Does that mean I have to submit T1142 by mail separate from the rest of my returns?
I inherited money from my late brother's CPF, a government social security savings account in Singapore. A Public Trustee distributed the money to me. Do I file T1142?
No you cannot Netfile this form, please see more here from the CRA https://bit.ly/2UJDrE6
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