Search found 55 matches
- Sun Jul 10, 2011 8:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Clarification on capital gains within Canadian Mutual Funds
- Replies: 43
- Views: 32148
- Fri Jul 08, 2011 4:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Clarification on capital gains within Canadian Mutual Funds
- Replies: 43
- Views: 32148
- Fri Jul 08, 2011 3:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Clarification on capital gains within Canadian Mutual Funds
- Replies: 43
- Views: 32148
- Fri Jul 08, 2011 3:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Clarification on capital gains within Canadian Mutual Funds
- Replies: 43
- Views: 32148
- Tue Mar 22, 2011 3:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CPP/SS Certificate of Coverage
- Replies: 1
- Views: 1958
CPP/SS Certificate of Coverage
RE the US/Can Totalization agreement RE social security taxes,: If you are a USC and permanent resident of Canada and an employee of a Canadian company, is it necessary to obtain a "Certificate of Coverage" to be exempted from US SS taxes, or is this only for a US employer and an employee ...
- Tue Mar 08, 2011 3:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting OAS & CPP/QPP and Form 8833
- Replies: 43
- Views: 46569
- Mon Mar 07, 2011 10:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting OAS & CPP/QPP and Form 8833
- Replies: 43
- Views: 46569
- Wed Jan 05, 2011 1:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: common-law in Canada -- relevant in US?
- Replies: 11
- Views: 6996
This is not my understanding. from the IRS: http://www.irs.gov/publications/p17/ch02.html#en_US_2010_publink1000170745 You are considered married for the whole year if on the last day of your tax year you and your spouse meet any one of the following tests. You are married and living together as hus...
- Wed Jan 05, 2011 12:52 pm
- Forum: Canada / United States Tax & Accounting
- Topic: U.S. Citizen Executrix on a non-U.S. Estate?
- Replies: 5
- Views: 4411
I spoke to an international tax advisor this summer and he cautioned against a USC being named an Executor of a foreign estate for several reasons(as has nelsona). One issue I had not considered is the possibility that the IRS may consider the foreign estate to be under the jurisdiction of the IRS. ...
- Tue Apr 20, 2010 11:38 am
- Forum: Canada / United States Tax & Accounting
- Topic: Filling out Form TD F 90-22.1 for the first time?
- Replies: 9
- Views: 6639
- Tue Apr 20, 2010 11:31 am
- Forum: Canada / United States Tax & Accounting
- Topic: Filling out Form TD F 90-22.1 for the first time?
- Replies: 9
- Views: 6639
The US government has become increasingly intrusive and privacy is a nice memory, but it is what it is, and I am not going to fight it. It is trivial to add another (or several) accounts on the TD-F-90. If you had an account last year, report it; if it is now a different number, report the new numbe...
- Thu Mar 25, 2010 4:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Is a TFSA a "foreign trust"?
- Replies: 19
- Views: 18095
- Thu Mar 25, 2010 12:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Is a TFSA a "foreign trust"?
- Replies: 19
- Views: 18095
If the TFSA is in fact a reportable trust on 3520, perhaps at some point there will an agreement in place to simplify reporting, similar to 8891 for RSP's. I am wondering if one could open a TFSA and not make a contribution, but to lock in the annual $5000 contribution limit and at some time in the ...
- Sun Mar 07, 2010 1:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RESP's are not trust accounts?
- Replies: 3
- Views: 3474
RESP's are not trust accounts?
or so says a financial adviser for a major Cdn bank. My adult daughter (dual citizen) was advised to open an RESP; I advised against it due to foreign trust reporting implications and my daughter then notified the financial adviser, who then sent her the following message: "I have checked aroun...
- Thu Mar 04, 2010 7:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax software 1116 foreign qualified div adjustment
- Replies: 0
- Views: 3931
Tax software 1116 foreign qualified div adjustment
I have Turbo Tax and Taxact (just to compare and double check) and when I am entering data for FTC on form 1116, there is a box to indicate whether foreign source capital gains and foreign source qualified dividends are less than $20K. If I select this box Turbotax increases my tax payable and Taxac...