Search found 6 matches

by ohhhmydeardog
Mon Apr 19, 2021 10:27 am
Forum: Canada / United States Tax & Accounting
Topic: Tax Residency for Canadian F-1 Student in US
Replies: 9
Views: 2579

Re: Tax Residency for Canadian F-1 Student in US

btw I got paranoid and called the CRA to verify I'm indeed a non-resident on their record.

Thanks again for all the tips nelsona!
by ohhhmydeardog
Sun Apr 18, 2021 7:20 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Residency for Canadian F-1 Student in US
Replies: 9
Views: 2579

Re: Tax Residency for Canadian F-1 Student in US

hah ya I've somehow put myself in a really screwed situation. I'm debating whether I should talk to a cross-border accountant and try to fix some of these and and interests/penalty if any but not sure if that just calls for even more trouble upon myself. Thank you so much for your answers really, ap...
by ohhhmydeardog
Sun Apr 18, 2021 6:41 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Residency for Canadian F-1 Student in US
Replies: 9
Views: 2579

Re: Tax Residency for Canadian F-1 Student in US

nelsona , thanks for the follow up.

I'll continue to talk to my CPA about filing a 1040NR this year. Although I'm not sure what I should be putting on Schedule OI Line B "In what country did you claim residence for tax purposes during the tax year?"
by ohhhmydeardog
Sun Apr 18, 2021 12:30 am
Forum: Canada / United States Tax & Accounting
Topic: Tax Residency for Canadian F-1 Student in US
Replies: 9
Views: 2579

Re: Tax Residency for Canadian F-1 Student in US

Also, if you don't mind helping with one more question. Should I continue to file 1040NR for 2020 as I was still on F-1 OPT, or does the fact that Canada considers me a non-resident forces me to be considered a resident in the US.

Thanks.
by ohhhmydeardog
Sat Apr 17, 2021 8:15 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Residency for Canadian F-1 Student in US
Replies: 9
Views: 2579

Re: Tax Residency for Canadian F-1 Student in US

nelsona, thanks for the reply. Yes I'm still working on my F-1 OPT although I'm transferring to H-1B soon. As you said, I need to report my gains both inside and outside of my TFSA account. I'm assuming you mean report it to the IRS here right and not the CRA? The CPA I'm talking with doesn't seem t...
by ohhhmydeardog
Fri Apr 16, 2021 12:20 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Residency for Canadian F-1 Student in US
Replies: 9
Views: 2579

Tax Residency for Canadian F-1 Student in US

Hi all, I'm a Canadian citizen who started studying in the US on an F-1 visa in Aug 2016. In 2018, I started working in WA with an F-1 OPT visa. When I filed my Canadian taxes for 2018, I cut ties and paid deposition on some stocks I had in my Canadian investment account. In 2020, I sold those stock...