pk
Level 15
Level 15

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@AndreC1 , generally each tax year stands on its own.  Thus you should file an amended return recognize the  unreported income. Even though I do not know the full circumstances  and facts, I would prima facie disagree with the accountant  advice.( to not file an amended return)

General rule is  if your AGI or Taxable income  for the year does not change by amending a return, then there is no need to file.  It is just more paperwork to process.

 

Also did you pay any  taxes to Canada on this interest ?   That may also play into  your tax liabilities.

 

Is there more I can do for you?