Help with filing Section 217 return

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
Rabadash
Posts: 2
Joined: Thu Feb 17, 2011 10:46 am

Help with filing Section 217 return

Post by Rabadash »

I'm a Canadian who has been living in the US for 20 years, filing US returns jointly with my wife. Unemployed, I collapsed one of my three RRSPs in 2014 (about CAD $80,000 before 25% withholding), with no other individual world income in 2014. What is involved in filing a Section 217 return? Thanks!
Top
nelsona
Posts: 18352
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

I can tell you that a 217 return won't help you in your case. The breakpoint at which you would get any many back is about 55K, and that is with absolutely no other income, and a fair amount of medical expenses.

But, in terms of doing it, simply log on to ufile, and set up a 217 elective return and start filling it.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
Top
Post Reply

Return to “Canada / United States Tax & Accounting”