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Customer Question

I asked my accountant to file my 2010 personal tax return for me in April 2011 after the first meeting with him. I have foreign property holdings and foreign interest income for those years. He asked me to provide the information on the T1135 form so he can fill it out for me.
But I told him I need time to get the information and may have difficulities to get interest information from the foreign bank. So it took
me over 6 months to get the information to the accountant. He had mentioned that it would be penatly for filing late.

Now, I received a letter from CRA stated that I need to pay the $2,500
penalty for the late filing T1135. So I call my accountant about the
penalty. He explained to me that he needs to get all the information on
the form including foreign income from the foreign property holdings. He said that he needs to make sure the information is accurate and complete before he can file the form for me.
I asked him can I give the approximate number for the foreign income and then filing a T1adjustment later. He said no. He said filing an adjusting for the client under the situation the taxpayer believed the information is true when filing the initial tax return and then found out it needs correction due to errors or careless mistakes.
In this situation, can I ask him compensate for my loss?

 

Optional Information:
State/Country relating to question: Canada

Submitted: 349 days and 17 hours ago.
Category: Canada Tax
Value: CA$30
Status: CLOSED
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Expert:  Fran-mod replied 349 days and 7 hours ago.

Hi, I’m a moderator for this topic and I wonder whether you’re still waiting for an answer. If you are, please let me know and I will do my best to find a professional to assist you right away. If not, feel free to let me know and I will cancel this question for you. Thank you!

Customer replied 349 days and 6 hours ago.

I'm still waiting for the answer.

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Expert:  Fran-mod replied 348 days and 22 hours ago.

Sometimes, finding the right Expert can take a little longer than expected and we thank you greatly for your understanding. We’ll be in touch again shortly.

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Expert:  Lindie-Moderator replied 348 days and 9 hours ago.

Thank you for your patience, your business is very important to us, we are waiting on the Professional with the right expertise to come online. Feel free to let us know if you would like us to continue searching for a Professional or if you would like us to close your question. Thank you for your understanding!

Customer replied 346 days and 20 hours ago.

Please close my question. I don't want to waste your time to continue ask me feel free to let us know if you would like us to continue searching for a professional.

 
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