Am I doing this correctly? | Income tax filing | Discussion forum

US/CA citizen

Jan 1-20, 2020: CDN resident. CDN sole prop operating under BN 1.

Jan 21 - Feb 27, 2020: US resident. US sole prop operating under BN 1.

Feb 28 - Dec 31, 2020: US resident. US LLC operating under BN 2.

(Jan 21, 2020 I ceased being CDN tax resident and changed my BN business address to my US address and began operating as my US sole prop. I have NO permanent establishment in Canada starting Jan 21, 2020.)

Please tell me if I am doing this correctly...

For Jan 1-20, 2020 ill file my final CDN return. My T2125 will show my income and GST/HST collected during this time.

Before Apr 30, 2020 I will file and remit my GST/HST installment for amount I collected between Jan 1 - Feb 27 using BN 1. My sales figures will be much higher then what will be shown in my Jan 1-20, 2020 T2125 return as I will be reporting my sales and GST/HST collected during my time as a US sole prop as well.

1) Will the GST/HST remittance having a higher sales / tax collection value raise flags or concerns?

2) My Jan 1-20, 2020 T2125 return will have a closing inventory valuation of about $10k (which is true). Is this fine or must I expense it as I am no longer a CDN tax resident Jan 21, 2020?