Hi I need advise
My accountant did submit a 45(2) for this home being converted to a rental back in 2013. I never actually received confirmation of CRA receiving It but I still have the fax transmission confirmation, from that year, and I believe that is enough proof that it was submitted.
I did my taxes myself in 2024, and did not realize that I needed to disclose the sale of my rental home that year.
I just learned that I needed to disclose this and want to do an adjustment to that year. Would it be best for my accountant to do an adjustment, or to complete the VDP and go through that relief process? The taxes will not be significant and I’m not concerned about that.
My accountant is not familiar with the VDP process and I’m just not sure which route would be the safest to go.