Search found 3 matches

by rjirjig
Mon Mar 14, 2022 4:56 pm
Forum: Canada / United States Tax & Accounting
Topic: CRA's Schedule A Statement of World Income: calculation of net income from outside Canada
Replies: 4
Views: 2590

Re: CRA's Schedule A Statement of World Income: calculation of net income from outside Canada

Thanks nelsona, this is a huge help!

To wrap this up for anyone who comes across this thread in the future: as a full-year non-resident of Canada, I was not going to report any US-sourced income under T1 income lines applicable to non-residents. Rather, I was going to report US-source income only ...
by rjirjig
Mon Mar 14, 2022 3:54 pm
Forum: Canada / United States Tax & Accounting
Topic: CRA's Schedule A Statement of World Income: calculation of net income from outside Canada
Replies: 4
Views: 2590

Re: CRA's Schedule A Statement of World Income: calculation of net income from outside Canada

Hello nelsona,

Thanks for your reply, I appreciate your thoughts. I've previously claimed all credits available to me in prior returns.

I'm basing my need to file a return on 1) the CRA's instructions to file a return if "You want to transfer unused tuition fees or carry forward unused tuition ...
by rjirjig
Sun Mar 13, 2022 7:07 pm
Forum: Canada / United States Tax & Accounting
Topic: CRA's Schedule A Statement of World Income: calculation of net income from outside Canada
Replies: 4
Views: 2590

CRA's Schedule A Statement of World Income: calculation of net income from outside Canada

Hello everyone,

I am a Canadian citizen. For all of 2021, I was a non-resident of Canada + a US resident alien for tax purposes.

In 2021, my only Canadian-sourced income was $0.01 of interest from a Canadian chequing account. I had US-sourced employment income with pre-tax 403(b)/FICA ...