Serbinski Accounting Firms

Thank you for your reply and the helpful link!

Am I correct in understanding that there is no need to file a Form 709 as long as the difference between our contributions is less than the exclusion amount (or if we opt for a TIC title with shares proportionate to our respective contributions)?

I am purchasing a home in BC with my partner, and the two of us are making unequal contributions toward the purchase price. We are recognized as a common law couple in Canada, but we are not registered as domestic partners in a U.S. jurisdiction. Would there be a gift tax obligation in the U.S. (for...

I guess part of the question is at what point CRA would necessarily consider me to have physically moved, since it may be a multi-part move (possibly flying in for a short visit, driving stuff across the border - not sure the order of those two trips yet, living in a short term rental that is not a ...

Thanks. I'm wondering if there is leeway to declare a later, second border crossing as the date my residency changes. Could any of the following support that? 1) My Canadian partner will sign with the CBSA for our shipping container, which will be stored at a facility near the border until she comes...

I plan to sell my residence in the US to move to Canada with my Canadian common-law partner. Up to now I have been solely a US citizen and resident. Because the house is in a revocable trust, and because I want to avoid the obligation of completing a trust tax return, I want to make sure the sale is...

That's helpful, thank you.

Thank you!

Any recommendations for someone who can advise about the trust question, or where to look/what kind of pro to seek?

Let's say I return to the U.S. after more than 5 years in Canada as PR, and have to calculate CRA departure tax based on the deemed disposition appreciation of my home or other assets in the U.S. over those 5+ years. Can I at least use the determined FMV at that time as the cost basis for U.S. CG ca...

I am an American citizen looking to apply for Canadian PR status and move from the U.S. to Canada later this year with my Canadian common-law partner. I currently have a house (primary residence) in the U.S., U.S.-based retirement savings (401k, annuity, Roth IRA) and regular investments (primarily ...