Search found 9 matches

by oakweather
Tue Nov 17, 2020 7:34 am
Forum: Canada / United States Tax & Accounting
Topic: RESP for Canadian/US dual citizen beneficiary
Replies: 8
Views: 191

Re: RESP for Canadian/US dual citizen beneficiary

I am most definitely not an accountant or tax lawyer. But my understanding is that FBAR, 8938, etc. are normally for account holders or those with signatory power over the account to file (e.g. parents). I do not believe that your daughter currently holds the RESP account. As long as the account hol...
by oakweather
Sun Nov 15, 2020 7:58 am
Forum: Canada / United States Tax & Accounting
Topic: RESP for Canadian/US dual citizen beneficiary
Replies: 8
Views: 191

Re: RESP for Canadian/US dual citizen beneficiary

to clarify: the information in the link above may not exactly help in your case, but it may make some of your questions moot
by oakweather
Tue Oct 20, 2020 7:16 am
Forum: Canada / United States Tax & Accounting
Topic: Question about income source from NSERC postdoctoral fellowship
Replies: 14
Views: 548

Re: Question about income source from NSERC postdoctoral fellowship

Just for the sake of completeness of this discussion based on additional research (though again, I'm no tax lawyer) - Non-residents of Canada are taxable on the various incomes as listed in the Canadian Income Tax Act Subsection 115(1). Of this list, neither research grants (56(1)(n)) nor scholarshi...
by oakweather
Sun Oct 18, 2020 10:06 pm
Forum: Canada / United States Tax & Accounting
Topic: Question about income source from NSERC postdoctoral fellowship
Replies: 14
Views: 548

Re: Question about income source from NSERC postdoctoral fellowship

Thanks. As per Bubba Gum's suggestion, I studied 3.88-3.89 (S1-F2-C3), as well as the original legal language in Subsection 115(2). If I understand the language correctly, I don't think it's saying much in my case. The non-resident of Canada receiving the income source from a Canada person would, by...
by oakweather
Sun Oct 18, 2020 7:26 am
Forum: Canada / United States Tax & Accounting
Topic: Question about income source from NSERC postdoctoral fellowship
Replies: 14
Views: 548

Re: Question about income source from NSERC postdoctoral fellowship

Thank you for all the lively discussion above! Based on the discussion, is it fair to state the follows: If the postdoctoral fellowship income appears on Box 104 of T4A, then it is categorically considered employment income? (which in my case would be U.S.-source) And if it appears on Box 105 of T4A...
by oakweather
Fri Oct 16, 2020 4:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Question about income source from NSERC postdoctoral fellowship
Replies: 14
Views: 548

Re: Question about income source from NSERC postdoctoral fellowship

Thank you for the clarification. One further question - I believe that this postdoctoral fellowship is specifically reported on Box 105 of T4A (which goes on line 13010 - scholarships, fellowships, bursaries, and study grants) rather than on Box 104 (which would otherwise go on line 10400 - research...
by oakweather
Thu Oct 15, 2020 1:09 pm
Forum: Canada / United States Tax & Accounting
Topic: Question about income source from NSERC postdoctoral fellowship
Replies: 14
Views: 548

Question about income source from NSERC postdoctoral fellowship

I am a U.S. resident (dual U.S./Canada citizen) receiving a Canadian federal (e.g. SSHRC/NSERC/etc.) postdoctoral fellowship. I will be performing the work associated with the fellowship while living in the U.S. (I do not plan to move to Canada, or at least not in the initial phase of the fellowship...