Search found 7 matches

by Sinbad
Fri Sep 13, 2019 1:17 pm
Forum: Canada / United States Tax & Accounting
Topic: Help Tax Planning on becoming a non-resident with Complications
Replies: 15
Views: 5812

Re: Help Tax Planning on becoming a non-resident with Complications

What if I put my departure date as Jan 4, 2020?
So it would be in year 2020.
by Sinbad
Thu Sep 12, 2019 10:03 am
Forum: Canada / United States Tax & Accounting
Topic: Help Tax Planning on becoming a non-resident with Complications
Replies: 15
Views: 5812

Re: Help Tax Planning on becoming a non-resident with Complications

Hello Nelsona,

So to confirm.
If on Jan 4th 2020. I tell Canada I'm a non resident and include it in my 2019 income. I would be taxed as if it is my entire income for 2020 and it would be
Federal tax: ~ $1,300
Quebec tax: ~ $1,325

Correct?
by Sinbad
Tue Aug 27, 2019 10:05 am
Forum: Canada / United States Tax & Accounting
Topic: Help Tax Planning on becoming a non-resident with Complications
Replies: 15
Views: 5812

Re: Help Tax Planning on becoming a non-resident with Complications

nelsona wrote:
> 4). No, only moved within Canada are eligible for moving expenses. US, of
> course, no longer allows moving expenses.

Damn! Could I report the moving expenses on my US tax return?
by Sinbad
Tue Aug 27, 2019 10:03 am
Forum: Canada / United States Tax & Accounting
Topic: Help Tax Planning on becoming a non-resident with Complications
Replies: 15
Views: 5812

Re: Help Tax Planning on becoming a non-resident with Complications

nelsona wrote: > If you leave in October, that is your departure date. You then have 60 days > to pay your HBP or it becomes taxable on your departure return for 2019, > added to your other income for the year. > > You don't have to do anything to be considered non-resident except move to > US. I do...
by Sinbad
Thu Aug 22, 2019 1:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Help Tax Planning on becoming a non-resident with Complications
Replies: 15
Views: 5812

Help Tax Planning on becoming a non-resident with Complications

Hello Everyone, I'm new to the forum and one of my friends which is an accountant told me to try posting my situation here. I'm a dual US/Canadian Citizen living in Canada and is moving to the US on October 1. I work for a Canadian company which has a Sister US Company that they will transfer me to....