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 tookme 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 $2,500penalty 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 onthe 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
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