Search found 80 matches
- Tue Jun 25, 2019 8:06 am
- Forum: Canada / United States Tax & Accounting
- Topic: reporting thresholds when you are a non US residents
- Replies: 5
- Views: 3052
- Mon Jun 24, 2019 11:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: reporting thresholds when you are a non US residents
- Replies: 5
- Views: 3052
Re: reporting thresholds when you are a non US residents
Meant to say 330 days
- Mon Jun 24, 2019 11:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: reporting thresholds when you are a non US residents
- Replies: 5
- Views: 3052
Re: reporting thresholds when you are a non US residents
Hi Nelsona, thanks We have never filed foreign reporting forms since we did not have any thing to report in Canada.,,,we left Canada 27 years with about $200 in our my purse. I think when we sell the house in USA and transfer funds we may reach the threshold at some point. Although the funds will on...
- Mon Jun 24, 2019 9:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: reporting thresholds when you are a non US residents
- Replies: 5
- Views: 3052
reporting thresholds when you are a non US residents
https://www.irs.gov/businesses/corporations/summary-of-fatca-reporting-for-us-taxpayers Reporting Thresholds Reporting thresholds vary based on whether you file a joint income tax return or live abroad. If you are single or file separately from your spouse, you must submit a Form 8938 if you have mo...
- Mon Jun 24, 2019 9:47 am
- Forum: Canada / United States Tax & Accounting
- Topic: Gift from foreign relative.
- Replies: 2
- Views: 1824
Re: Gift from foreign relative.
Thank you.
Mom said she will issue a check to my husband , we just intend on depositing the funds into our TD canada acct.
Mom said she will issue a check to my husband , we just intend on depositing the funds into our TD canada acct.
- Mon Jun 24, 2019 9:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: Gift from foreign relative.
- Replies: 2
- Views: 1824
Gift from foreign relative.
My Canadian mother inlaw will gift my husband $50,000 cdn dollars next year ( approx $38,000 us dollars) She said it will a check, and we plan on depositing it into our TD canada bank account. we are dual citizens usa/cdn,........ by that time would have relocated to Canada, would this gift have to ...
- Wed Jun 19, 2019 5:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: form 8938.....presence test
- Replies: 0
- Views: 11046
form 8938.....presence test
Form 8938 Presence abroad. You satisfy the presence abroad test if you are one of the following. • A U.S. citizen who has been a bona fide resident of a foreign country or countries for an uninterrupted period that includes an entire tax year. • A U.S. citizen or resident who is present in a foreign...
- Mon Jun 10, 2019 7:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: cost of tax prep usa /cdn
- Replies: 0
- Views: 11172
cost of tax prep usa /cdn
approximately how much do you pay for USA /cdn tax return to be completed by tax professional in Canada ( Toronto area) I know it depends on how complex the return is ,just curious about the cost and how much to expect, ours is not complex, state side we go to a local CPA, cost $250US. Any informati...
- Tue May 28, 2019 9:13 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian T1135 Reporting for Part-Year Residents
- Replies: 15
- Views: 7689
Re: Canadian T1135 Reporting for Part-Year Residents
thank you .
we will meet that threshold so we will just file.
we will meet that threshold so we will just file.
- Mon May 27, 2019 2:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian T1135 Reporting for Part-Year Residents
- Replies: 15
- Views: 7689
Re: Canadian T1135 Reporting for Part-Year Residents
ok, I just got off the phone with CRA ( waited almost 50 mins) I explained the situation about returning to Canada after 25 plus yrs , dual citizenship the whole lot. The lady told me that the exemption for NOT filing T1135 only applies new immigrants to Canada and NOT returning expats, residents li...
- Mon May 27, 2019 10:02 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian T1135 Reporting for Part-Year Residents
- Replies: 15
- Views: 7689
Re: Canadian T1135 Reporting for Part-Year Residents
It appears CRA does not make anything easy , like I said everything I read said no filing for the first year, then I started digging deeper which always,always ends in more questions than answers ! We have a appointment with a cross boarder accountant in 2 weeks times, I just wanted to ask him quest...
- Mon May 27, 2019 8:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian T1135 Reporting for Part-Year Residents
- Replies: 15
- Views: 7689
Re: Canadian T1135 Reporting for Part-Year Residents
Hi, I dont want to seem disrespectful by posting the previous post, but its not clear ,the previous post says returning Canadians have to file T1135 in the yr they return. sorry if I am offending ,that is definitively not my intention, I really appreciate all the tip and great information from this ...
- Mon May 27, 2019 12:22 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian T1135 Reporting for Part-Year Residents
- Replies: 15
- Views: 7689
Re: Canadian T1135 Reporting for Part-Year Residents
by nelsona » Wed Apr 26, 2017 4:47 pm skoper, which is it? On your other thread you said you moved to Canada in July 2016. Now you are saying you moved in 2015. As to filing. CRA has clarified that T1135 is not required only in a year when someone moves to Canada. RETURNING taxpayers must still file...
- Sun May 26, 2019 9:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian T1135 Reporting for Part-Year Residents
- Replies: 15
- Views: 7689
Re: Canadian T1135 Reporting for Part-Year Residents
sorry about not posting that in the first place,
when I read it over it seemed like a the exemption did not apply to returning canadians, but what you mentioned make perfect sense..thanks again.
when I read it over it seemed like a the exemption did not apply to returning canadians, but what you mentioned make perfect sense..thanks again.
- Sun May 26, 2019 9:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian T1135 Reporting for Part-Year Residents
- Replies: 15
- Views: 7689