Can't get a link into a post to save my life.
http://online.wsj.com/article/SB1211932 ... _nonsub_pj
Search found 69 matches
- Wed May 28, 2008 11:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: Temporary snowbird? Congress has it in for you.
- Replies: 1
- Views: 2832
- Wed May 28, 2008 11:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: Temporary snowbird? Congress has it in for you.
- Replies: 1
- Views: 2832
Temporary snowbird? Congress has it in for you.
After attempting to insert similar language into bill after bill, <a>it appears that Congress has finally managed the feat</a>. The bill will apply taxes to renouncing citizens and to expatriating aliens who meet certain income or asset tests. These taxes include - deemed disposition of all property...
- Fri Apr 18, 2008 11:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: CDN citizen lives and owns a house in the us moving back
- Replies: 15
- Views: 9980
- Tue Jan 08, 2008 12:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Stock options - tax consequences in Canada
- Replies: 1
- Views: 3340
1. The 50% exclusion from income applies even to options from public corporations now but requires specific paperwork. Getting that paperwork in prescribed form out of a US company isn't going to be easy. 2. It's hard to know if the new protocol changes anything. I know of a case where an exercise o...
- Tue Jan 08, 2008 12:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: What brokerages allow you trade in your IRA after leaving US
- Replies: 3
- Views: 3738
- Tue Dec 11, 2007 5:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: The poison in a new proposed tax bill
- Replies: 5
- Views: 5161
- Wed Dec 05, 2007 5:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: The poison in a new proposed tax bill
- Replies: 5
- Views: 5161
HR3996, passed in the House, being debated in the Senate as I write. Deemed disposition of all assets at expatriation, 30% confiscated from retirement accounts at expatriation (not clear that a 401(k) would be hit though), gifts back into the US (e.g. to children who don't expatriate) taxable at top...
- Wed Nov 07, 2007 5:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: The poison in a new proposed tax bill
- Replies: 5
- Views: 5161
The poison in a new proposed tax bill
http://thomas.loc.gov/cgi-bin/query/F?c ... GHh:e41832:
Pay careful attention to the proposed revisions to expat taxes, both for renouncing citizens and emigrating long term residents.
Pay careful attention to the proposed revisions to expat taxes, both for renouncing citizens and emigrating long term residents.
- Mon Sep 24, 2007 4:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: New protocol to US-Canada tax treaty agreed
- Replies: 14
- Views: 12289
Thanks for the pointer to the specific language, steveh. The pensions article (XVIII) has been almost entirely rewritten, so I'm not sure I have this right, but it looks to me like at best a partial win for returning Canadians with a Roth IRA. What the new paragraph 3(b) gives - explicit recognition...
- Mon Sep 24, 2007 2:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: New protocol to US-Canada tax treaty agreed
- Replies: 14
- Views: 12289
Re: Roth IRA Treatment under the new treaty protocol
steveh: [i]Under this protocol it appears that the CRA would need to treat Roth IRA's as the US IRS treats them, i.e., income/growth is not taxable in any given year nor on the eventual withdrawal of funds (assuming the Roth has been established for 5 years). Is that correct?[/i] Without the actual ...
- Sat Sep 22, 2007 2:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: New protocol to US-Canada tax treaty agreed
- Replies: 14
- Views: 12289
Forgot this earlier. Hat tip to Bruce Cohen at the Financial Webring Forum for the pointer.
http://www.financialwebring.org/forum/v ... 124#213124
http://www.financialwebring.org/forum/v ... 124#213124
- Sat Sep 22, 2007 11:57 am
- Forum: Canada / United States Tax & Accounting
- Topic: New protocol to US-Canada tax treaty agreed
- Replies: 14
- Views: 12289
New protocol to US-Canada tax treaty agreed
http://www.fin.gc.ca/news07/data/07-070_1e.html
Help for cross-border employees on pension/401k/RRSP contributions and stock options. Withholding on interest abolished. Confirmation of the stepup rule on cost basis for investments when moving cross-border.
Help for cross-border employees on pension/401k/RRSP contributions and stock options. Withholding on interest abolished. Confirmation of the stepup rule on cost basis for investments when moving cross-border.
- Fri Sep 21, 2007 4:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cdn Stocks in Roth IRA
- Replies: 9
- Views: 8938
- Mon Apr 16, 2007 12:24 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Nonresident alien - reporting cap gains dist/dividends
- Replies: 13
- Views: 8281
- Wed Apr 04, 2007 2:09 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Resident: US capital gains, 1040NR and Canadian Tax
- Replies: 37
- Views: 28011