Search found 14 matches

by ilysm
Sat Apr 03, 2021 3:58 pm
Forum: Canada / United States Tax & Accounting
Topic: BC vacancy tax vs Canada resident, how to choose to save tax?
Replies: 9
Views: 2755

Re: BC vacancy tax vs Canada resident, how to choose to save tax?

Seems that we are considered to be the satellite family, since my US income is much higher than my wife's Canada income. Must satellite family pay the BC vacancy tax or not? https://www2.gov.bc.ca/gov/content/taxes/speculation-vacancy-tax/how-tax-works/terms-definitions#satellite-family Untaxed worl...
by ilysm
Sat Apr 03, 2021 3:25 pm
Forum: Canada / United States Tax & Accounting
Topic: BC vacancy tax vs Canada resident, how to choose to save tax?
Replies: 9
Views: 2755

Re: BC vacancy tax vs Canada resident, how to choose to save tax?

Thanks nelsona! I will definitely not claim a principal residence in Canada since I will live mostly in US due to work reason, and that is not a problem for me:) My own concern is, I am a co-owner of our BC home, if I still need to pay the BC vacancy tax as a non-resident. Thanks very much for any i...
by ilysm
Sat Apr 03, 2021 3:22 pm
Forum: Canada / United States Tax & Accounting
Topic: BC vacancy tax vs Canada resident, how to choose to save tax?
Replies: 9
Views: 2755

Re: BC vacancy tax vs Canada resident, how to choose to save tax?

Thank you very much for your valuable information, elgoog and nelsona!!! elgoog, when you wrote "When you become a Canada non-resident, you no longer pay tax in Canada." Do you know, does this also applies to the BC vacancy tax? My wife will stay in our BC home in the next few years and I ...
by ilysm
Sat Apr 03, 2021 11:40 am
Forum: Canada / United States Tax & Accounting
Topic: BC vacancy tax vs Canada resident, how to choose to save tax?
Replies: 9
Views: 2755

Re: BC vacancy tax vs Canada resident, how to choose to save tax?

Anyone who has the satellites family? How do you deal with the tax? Any experience would be appreciated. Thanks very much
by ilysm
Thu Apr 01, 2021 7:43 pm
Forum: Canada / United States Tax & Accounting
Topic: BC vacancy tax vs Canada resident, how to choose to save tax?
Replies: 9
Views: 2755

BC vacancy tax vs Canada resident, how to choose to save tax?

Hi, my wife and I bought a home in BC Canada in late 2020. We got Canada PR 2 years ago but never relocate here. We plan to live separately in Canada (wife) and US (me) in the next few years until she get the Canada citizenship. If I continue to work in US as a non-resident in Canada, and my wife as...
by ilysm
Mon Mar 22, 2021 8:29 pm
Forum: Canada / United States Tax & Accounting
Topic: wife tax resident in Canada while I am non-resident?
Replies: 3
Views: 1783

wife tax resident in Canada while I am non-resident?

Hi, my wife and I bought a home in Canada by the end of 2020 (have both of our names on the home), and plan to relocate to Canada. We got Canada PR 2 years ago but never relocate here. Recently, I found that finding a job is extremely hard in Canada, compared with US. Now we are thinking about livin...
by ilysm
Sat Mar 13, 2021 9:25 pm
Forum: Canada / United States Tax & Accounting
Topic: how can we save tax through foreign tax credit?
Replies: 4
Views: 1589

Re: how can we save tax through foreign tax credit?

Thank you so much nelsona! Always appreciate your valuable recommendations. I definitely agree that I am NOT a CDn resident. Then am I correct to say, with CRA covid waiver (for non-residents 'trapped' in Canada applies to residency, not sourcing of income), I do not need to adjust my W2 to separate...
by ilysm
Sat Mar 13, 2021 5:37 pm
Forum: Canada / United States Tax & Accounting
Topic: how can we save tax through foreign tax credit?
Replies: 4
Views: 1589

Re: how can we save tax through foreign tax credit?

Thanks so much for your reply nelsona! Most of the times I live in WA pre-covid, and we stay in Canada from time to time after the covid started, like in BC for around 3-4 months then back to WA for 1-2 months, then back to BC again and continue this trend. We bought a house in Canada in the fall 20...
by ilysm
Sat Mar 13, 2021 12:57 pm
Forum: Canada / United States Tax & Accounting
Topic: how can we save tax through foreign tax credit?
Replies: 4
Views: 1589

how can we save tax through foreign tax credit?

Hi, my wife and I got our Canadian PR in 2018 but we have only stayed in Canada from time to time, so far in total over 200 days (2018 60 days, 2019 30 days, 2020 120 days). We both work in US companies, and our annual income is 150-200K USD (my wife stopped getting paid since mid 2020). We got paid...
by ilysm
Mon Mar 08, 2021 11:56 pm
Forum: Canada / United States Tax & Accounting
Topic: in multiple countries last year during covid, how to file tax return
Replies: 3
Views: 1342

Re: in multiple countries last year during covid, how to file tax return

Any recommendations on my case? I know it is complicated... Anyone has similar experiences to live in Canada for a short period of time but keep working for a US company by earning USD?
by ilysm
Sun Feb 28, 2021 4:29 pm
Forum: Canada / United States Tax & Accounting
Topic: in multiple countries last year during covid, how to file tax return
Replies: 3
Views: 1342

in multiple countries last year during covid, how to file tax return

Hi I am a newbie here. First want to thank nelsona in advance for all the valuable info you give on this board! Hope everyone safe and healthy. I got my Canadian PR and landed by the end of 2018 but only stay in Canada from time to time. I work in a US company. Last year my physical location changed...