Normally only non-residents receive NR4 slips. You can’t use Wealthsimple Tax if you aren’t a resident of Canada.
If you are a resident of Canada and you received an NR4 slip:
- Report the income on your tax return. You’ll need to “convert” your NR4 into the correct type of slip. Use the income code (in box 14) to determine what kind of slip to use in Wealthsimple Tax.
- You can’t claim “non-resident tax deducted” on your Canadian tax return. You’ll need to apply for a refund instead.
- You should advise your financial institution that you are now resident in Canada so they can issue you the correct slips in the future.