Are amounts within Reg. 202 those received by the non-resident on a cash basis or accrual basis? For example, would only interest paid, or accrued interest as well, on a guaranteed investment certificate be reported on Form NR4? After referencing the applicable paid or credited, or deemed to be paid or credited, language, CRA responded:
The filing requirements under these provisions are not based on the accounting method used by the recipient for the amount for which the information return is made.