Hello,
I was referred here by Cannucksabroad.com. I am a single person from Toronto Ont Canada living in San Francisco working in Tech on an L1A visa. That being said I am fairly confused about how I do my taxes. A little about myself :
- I left Canada on 10/11/2013 - working ~11 months in Canada, ~1 in USA in 2013
- I have only mad income in USA for 2014 (appart from some gains on banking, and small investments)
- I have not filed my 2013 or 2014 taxes in either Canada or the USA.
- I have not yet filed a Departure return ( I have just found this today)
I need to understand what my next steps are for filing taxes, Should I file my departure return for 2014 or 2013? How much difference would I have to pay if I chose to NOT use the departure. How will my RRSP, CDN Savings accounts and TFSA investments effect my taxes after my departure.
I am happy to use a service and accountant if anyone can suggest or refer someone, bonus point for being in the Bay Area.
Thank you
Travis [/list]
Canadian in SF - Tax Questions
Moderator: Mark T Serbinski CA CPA
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- Location: San Fracncisco
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- Posts: 3
- Joined: Mon Mar 23, 2015 2:38 pm
- Location: San Fracncisco
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- Posts: 3
- Joined: Mon Mar 23, 2015 2:38 pm
- Location: San Fracncisco
Hi travisobvs,
In my very limited understanding (I'm not a tax person, but I also recently moved and had to figure out a lot by myself):
In addtion to nelsona's suggestion of the CRA emigrants guide, I can also suggest calling the CRA directly. I have found them helpful over the phone. The IRS tax guide for aliens (http://www.irs.gov/pub/irs-pdf/p519.pdf) would very likely help you with your 2013 returns.
If you departed in 2013 (see the emigrants guide for the definition of departure date), that should be the year you file your departure return. Of course you would also file a US tax return for 2013 - you were probably a non-resident for 2013 in the US.
In my very limited understanding (I'm not a tax person, but I also recently moved and had to figure out a lot by myself):
In addtion to nelsona's suggestion of the CRA emigrants guide, I can also suggest calling the CRA directly. I have found them helpful over the phone. The IRS tax guide for aliens (http://www.irs.gov/pub/irs-pdf/p519.pdf) would very likely help you with your 2013 returns.
If you departed in 2013 (see the emigrants guide for the definition of departure date), that should be the year you file your departure return. Of course you would also file a US tax return for 2013 - you were probably a non-resident for 2013 in the US.
I would disagree about calling CRA telephlunkies; QC2OH may have had a good experience (then again, he may not know that he got wrong answers), but even if he did, that probably made their quota of good answers for the decade.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing