Serbinski Accounting Firms

Thanks Nelson - as usual, your direction is much appreciated!

I worked in the US (Michigan) and lived in Canada up until March 2005, changed jobs with another company (Alabama), bought a house there, and permanently moved my wife to Alabama at the end of June 2005. I have made the determination that I am a non-resident of Canada at the end of June (when I moved my spouse there), and am responsible to pay Canadian taxes on my US income up to the time that I left Canada (June 05). What I don’t understand is how to determine my tax liability. Do I create a “What-ifâ€￾ US tax return and Michigan tax return based on the income I would have earned in the entire year at the old job and prorate it according to how many days I was in Canada? Or do I tally up all income earned at both jobs up to June 05 and then prorate it? It gets confusing, as I can’t file a US tax return mid-year to figure out my tax liability for that period, and then one for the year end to figure out that portion.

Any help is much appreciated. Thanks!

Try Toronto Dominion (TD) Borderless account which has a 1.5 cents/per US $ exchange difference, based on the Bank of Canada exchange rate. We were paying over 3-4 cents per dollar at the regular big banks. You'll need to open a regular account before opening a Borderless US$ account. The fees for a ...

I've got a situation that I'm sure is not unique but I'm having troubles finding some firm guidelines in either the US/Canada Tax Treaty, Canadian Income Tax Act, IRS or CRA publications. Hope someone out there can steer me in the right direction.

Both my wife and I lived in Windsor and worked in ...