I stayed 7 months in the U.S. on an O-1 visa for an arts-related project in 2021, but have no permanent abode there.
So, the best strategy would be to pay the related U.S. tax and then take a foreign tax credit in Canada?
What about the totalization agreement? I have a slip from the CRA that I ...
Search found 3 matches
- Sun Jan 16, 2022 10:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form 1116 with Tuition Tax Credits from Canada
- Replies: 5
- Views: 2925
- Sun Jan 16, 2022 12:35 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form 1116 with Tuition Tax Credits from Canada
- Replies: 5
- Views: 2925
Form 1116 with Tuition Tax Credits from Canada
Hi,
I became a U.S. tax resident in 2021 but am permanently based in Canada.
I want to claim a foreign tax credit on my 1040 using form 1114. However, I won't be paying any taxes on my 2021 Canada income, because all of it will be offset by the federal tuition tax credits I accumulated from prior ...
I became a U.S. tax resident in 2021 but am permanently based in Canada.
I want to claim a foreign tax credit on my 1040 using form 1114. However, I won't be paying any taxes on my 2021 Canada income, because all of it will be offset by the federal tuition tax credits I accumulated from prior ...
- Thu Feb 25, 2021 2:21 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dual Residency Issue for Performing Artist
- Replies: 6
- Views: 3139
Re: Dual Residency Issue for Performing Artist
I have a similar situation:
I'm a Canadian who entered the U.S. in early March 2020 on an O-1 and stayed for the rest of the year, maintaining Canadian ties throughout 2020 as a factual resident (home, centre of vital interests, etc.).
However, I filed for Adjustment of Status on August 12, 2020 ...
I'm a Canadian who entered the U.S. in early March 2020 on an O-1 and stayed for the rest of the year, maintaining Canadian ties throughout 2020 as a factual resident (home, centre of vital interests, etc.).
However, I filed for Adjustment of Status on August 12, 2020 ...