Search found 4 matches

by janell
Sun Aug 28, 2011 12:12 pm
Forum: Canada / United States Tax & Accounting
Topic: Impact of potential estate and gift tax
Replies: 0
Views: 1750

Impact of potential estate and gift tax

In thinking about this whole tax issue, I have also read about potential estate tax, especially if your spouse is not a US citizen. From what I understand, if you spouse is not a citizen and you (ie, the Us citizen) die, then your estate must be under 600,000, and after that Us taxes are assessed. O...
by janell
Sun Aug 28, 2011 12:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Credit card accounts and FBAR?
Replies: 7
Views: 5492

Credit card accounts and FBAR?

(Context - natural born Canadian, naturalized in Us when young, now trying to catch up with US since I learned I am still considered a US citizen) After spending days getting my last five year account info for the FBAR form, I am now wondering if credit card accounts are also supposed to be included...
by janell
Fri Aug 26, 2011 12:25 pm
Forum: Canada / United States Tax & Accounting
Topic: C;arification - dual US / Canadian considering expatriation
Replies: 0
Views: 1759

C;arification - dual US / Canadian considering expatriation

Clarificaiton of above post - I am a dual citizen ( "accidental American" naturalized in Us when 18, natural born Canadian) long time .living in Canada, have not used any US services or have any assets there, etc. now working on back taxes because I can't sleep since I found this out a few...
by janell
Fri Aug 26, 2011 12:21 pm
Forum: Canada / United States Tax & Accounting
Topic: How is Canadian pension treated?
Replies: 0
Views: 1899

How is Canadian pension treated?

How is pension from services earned in Canada (example - teachers pension in Ontario) counted in terms of expatriating? I thought I would be under the 2 million limit, but it depends on how future pension is counted if it is values as an asset