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I have been working for a California based employer since 2019 and have been a Canadian tax resident all this time. I became a Canadian non-resident in 2021.

I was reading about Canadian treatment of RSUs and found this: https://home.kpmg/xx/en/home/insights/2021/06/flash-alert-2021-162.html

It ...

It seems like the agent was taking to was misinformed. I spoke with 2 agents later and they both confirmed that I am allowed to contribute to my RRSP as a non-resident. Whether or not I can deduct that will be based on my deduction room.

I know that the contribution room will not increase if you ...

Hi,

I have an RRSP account with Questrade that I have had for several years. I left Canada in September 2021 and have a lot of contribution room remaining. Questrade tells me I am not allowed to contribute to my RRSP since I don't have Canadian source income and they said that this is the tax law ...

I moved to the US recently and found out that CIBC had left my TFSA account open and the account has had $0 since 2019. I called them to close the account.

It was a normal TFSA savings account when it was active and I was only making bi-weekly $25 contributions to it.

I confirmed with the bank and ...

I suppose I cannot claim the treaty benefits since I was NOT a resident of Canada after September and will have to report them on my 1040-NR.

What happens to any interest that I earned on my Canadian bank accounts from Sept - December? Would they also need to be reported on my US tax return then?

Nelsona, you mentioned earlier that how I do my US filings does NOT impact my Canadian filings.

Question on this: what happens to any interest earned from my US bank accounts after September? I will report it on my 1040-NR since I was a Canadian non-resident from September - December. I assume ...

Hi,

I amended my IRS 1040-NR return last year in September since I had to forgotten to include a small amount. The additional tax I owed to the IRS was about $200, which I promptly paid. I understand that the tax due date was in May of last year.

My amended return was processed last week and they ...

One more question: Can I use the full 401K deduction for my Canadian return or does it have to be distributed across the year?

I contributed to my 401K at the start of the year while I was in Canada.

Thank you.

I see. Now that you explained it, I see it here: https://www.irs.gov/individuals/international-taxpayers/taxation-of-dual-status-aliens (Resident Alien at End of Year)

I was mistaken that one again starts from 0 for the resident part of the year but that doesn't seem to be the case since the 1040 ...

Yeah, I think I agree with the last point. Filing dual seems a bit complicated for my case and splitting income and taxes between the 2 will get complicated.

I am leaning towards full-year 1040NR since doing a full year 1040 will incur additional filings as I had a TFSA right before I moved to the ...

I forgot to mention that I was working for a US company the entire time and had US income tax withheld.

1. If I file a full-year 1040NR, on my Canadian return, I would be able to claim only the credit for the tax paid from Jan - Sep right?

2. If I file a dual-status return with 1040NR for Jan ...

Looks like I can do MFJ as per https://www.irs.gov/publications/p519#e ... 1000222177 but then it becomes complicated since you have to report full-year income, which would mean reporting TFSAs and so on.

I am a Canadian citizen who moved to US in September 2021 with my spouse, who is also a Canadian citizen.

I am trying to decide how to file my returns for 2021. Which one of these options should we go for:

1. Full-year 1040NR, which means that I will have to pay Canadian tax on all my income
2 ...

Hi canadiandeserter,

With regards to the phone number, I would suggest contacting the main CRA line: 1 (800) 959-8281. I tried a couple times before they gave me a number to contact. The contact at the Migrations department sent me a bunch of documents to look at, which is how I found out this ...

Hi canadiandeserter,

I believe the department I spoke with was called CRA Migrations or something along those lines.

Yes, you are right in that the cash security just becomes tax paid in that case. The benefit is that if you aren't planning on selling your securities, you don't have to pay all the ...