Serbinski Accounting Firms

Thank you very much for your opinion. I totally agree with you. It just seemed very strange that CRA would require me to spend so much money for something that isn't even deemed to be disposed. They likely just want to have a record of it on file to make sure I pay the non-resident tax if I surrende...

No this is not something they will assist with, I already asked them. This is a very unique calculation that must be completed by an an external third party actuary and most firms charge a minimum of $1000-$1500 for this type of calculation. This is the same calculation that's completed when a indiv...

Ok thanks. I just remembered that I also have a Canadian permanent life insurance policy with a bit of cash value and a term insurance policy. From the research I have completed (link attached below), it appears that the fair market value of my life insurance policy needs to be included on the T1161...

Very helpful, much appreciated. One more quick question if you don't mind? I'm working on the T1161 and wondering if a Guaranteed Interest Certificate (GIC) needs to be reported on this form? It says you don't need to report cash or bank deposits. Do you know if a GIC is considered a bank deposit? I...

I departed Canada and moved to the US for employment purposes in early 2015 and plan to comply with all of the departure requirements. I understand that I’m filing late and may be exposed to some penalties. In Canada I borrowed $250,000 for investment purposes several years ago and have been claim...