Search found 3 matches

by federovsb
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

Re: Form 1116 with Tuition Tax Credits from Canada

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 ...
by federovsb
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 ...
by federovsb
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 ...