Search found 5 matches

by curiousremoter
Fri Mar 05, 2021 1:24 pm
Forum: Canada / United States Tax & Accounting
Topic: How to declare CDN sourced US payroll income
Replies: 0
Views: 10040

How to declare CDN sourced US payroll income

Hello, I moved to Canada from the USA as of Aug of last year but all of my employment income was from US payroll. I need a way to declare the part of the income that was sourced to Canada from remote working before the move as well as after the move since I stayed on US payroll. What is the correct ...
by curiousremoter
Sat Sep 19, 2020 11:00 am
Forum: Canada / United States Tax & Accounting
Topic: Income source for remote work
Replies: 10
Views: 3812

Re: Income source for remote work

For form RC267, would 401k contributions be multiplied by the Canadian days fraction for that form also?

Is this example correct? $18000 401k contributions and 50% days in Canada -> $9000 on RC267 line 1.
by curiousremoter
Thu Sep 10, 2020 10:39 am
Forum: Canada / United States Tax & Accounting
Topic: Income source for remote work
Replies: 10
Views: 3812

Re: Income source for remote work

The California FTB seems to have very far reaching tax abilities, unfortunately. One more question for calculating income by source, I saw in other threads the formula is (Canada working days) / (total working days), but is there any special handing for bonuses? For example, if a bonus is received i...
by curiousremoter
Mon Sep 07, 2020 12:37 am
Forum: Canada / United States Tax & Accounting
Topic: Income source for remote work
Replies: 10
Views: 3812

Re: Income source for remote work

Thanks for the reply! What are your thoughts on the best way to mitigate the California double taxation? I believe I can not claim foreign-tax-credit for Canadian sourced taxed income that was also taxed as a California resident. I think the best solution might be to use IRS FTC carry back to deduct...
by curiousremoter
Tue Sep 01, 2020 10:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Income source for remote work
Replies: 10
Views: 3812

Income source for remote work

Hi, I was reading the tax treaty, specifically Article XV and was curious of the following scenario for someone who is US green card holder and Canadian citizen. This person is employed by a US corporation with a primary job site in California. - The person is working remotely for the US firm while ...