Serbinski Accounting Firms

Nelsona, thanks much for the answers!

I did not expect the answer to be residency date starting Sep 2020. I am a bit confused on why I can not go for "deemed non-resident status"? Per you, do I qualify as an Immigrant per the CRA website (https://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/informat...

Yes I did think that most likely I might have to pay taxes to CRA on the withdrawal if I pro-rated the withdrawal over 3 years. But was hoping that it might be a special accounting case. Thank you for the confirmation.

I am eligible to withdraw $100K from my IRA account without penalty under CARES Act. Before moving to Canada as a permanent resident in Sep 2020, I made the withdrawal. If I choose to consider the $100K withdrawal as pro-rated income over three years, will I need to pay Canadian taxes on the 2021 an...

I moved to Canada with my spouse as permanent residents from the US (not Citizen/GC Holders) in Sep 2020 after living in the US for 5 years. We have taken up an apartment on a 7-month lease and established other residential ties within Canada. Question 1: Since I have spent more than 183 days in the...