Search found 11 matches
- Fri Mar 14, 2025 11:12 am
- Forum: Canada / United States Tax & Accounting
- Topic: Casino Marketing: How Casinos Attract Players and Build Their Brands
- Replies: 10
- Views: 30350
Re: Casino Marketing: How Casinos Attract Players and Build Their Brands
Casinos have stepped up their marketing game with bonus offers and promotions. I've always found no-deposit bonuses a great way to test different platforms before committing money. The free spins are especially nice since you can try out new slots without risk. It's clear that online casinos use the...
- Fri Aug 23, 2024 6:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: 1042 S Taxwithholding Matching
- Replies: 5
- Views: 3214
Re: 1042 S Taxwithholding Matching
I had similar issues and found a tax pro specializing in non-residents really helped. They can handle the IRS more efficiently and clarify discrepancies.
- Fri Aug 23, 2024 6:08 am
- Forum: Canada / United States Tax & Accounting
- Topic: dual-status filing full year 1040 and FBAR
- Replies: 6
- Views: 4667
Re: dual-status filing full year 1040 and FBAR
Yes, if you file a part-year 1040 and keep foreign assets below $10k before becoming a US resident, you won’t need to worry about FBAR. The US-Canada treaty helps with residency but doesn’t affect FBAR rules.
- Fri Aug 23, 2024 6:06 am
- Forum: Canada / United States Tax & Accounting
- Topic: death, taxes and filing requirements
- Replies: 5
- Views: 4512
Re: death, taxes and filing requirements
Yes, if you have U.S. assets in a Canadian estate, you’ll likely need to file Form 3520 and maybe 3520-A. A professional can help avoid mistakes and penalties, but if cost is a concern, compare the fees of a pro executor versus tax prep costs.
- Fri Aug 16, 2024 8:02 am
- Forum: Canada / United States Tax & Accounting
- Topic: Vape Pod Systems
- Replies: 3
- Views: 9462
Re: Vape Pod Systems
I've found this: https://nexussmoke.com/products/viho-supercharge-20000-puff-disposable-vape It's the best, honestly. Its system quickly satisfies my nicotine cravings, delivering a satisfying hit. Its efficiency and convenience make it a go-to choice for a quick nicotine fix. For emotional relief, ...
- Fri Aug 16, 2024 5:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian inheriting traditional IRA
- Replies: 13
- Views: 7829
Re: Canadian inheriting traditional IRA
You'll face US taxes and Canadian taxes on the funds. The US will likely impose a withholding tax, and Canada will tax you on the income. To minimize tax impact, you might want to transfer the IRA to an account that suits Canadian tax rules or consider rolling it into a similar account with tax defe...
- Wed Aug 07, 2024 6:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Us citizen selling selling their home with CDN spouse
- Replies: 16
- Views: 131763
Re: Us citizen selling selling their home with CDN spouse
Yes, you should report 50% of the gain if you own half the house, so for a $300K gain, you’d report $150K. Regarding the $250K exemption, you’re on the right track. For the tricky bits, consult a tax pro.
- Mon Jun 24, 2024 5:13 am
- Forum: Canada / United States Tax & Accounting
- Topic: Calculating the amount on like 25600
- Replies: 7
- Views: 5744
Re: Calculating the amount on like 25600
So, for Line 25600, they calculate it based on how many days you worked in Canada versus total work days, using your total income. You can deduct stuff like RRSP, pension, and union dues from your Canadian earnings, but you gotta divvy them up between what you earned in Canada versus the US.
- Sun Jun 23, 2024 8:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming FTCs for taxes paid on US dividends. Is this correct?
- Replies: 16
- Views: 7679
Re: Claiming FTCs for taxes paid on US dividends. Is this correct?
Claiming Foreign Tax Credits for US dividends on your Canadian return, even if you haven't paid US taxes yet, is standard practice to avoid double taxation. Amending your Canadian return makes sense now that you're sorting out the details.
- Sun Jun 23, 2024 8:21 am
- Forum: Canada / United States Tax & Accounting
- Topic: Locked-In RRSP
- Replies: 6
- Views: 5104
Re: Locked-In RRSP
Filing the N73 form to confirm your non-resident status with CRA sounds like the right move to close your RRSP account without Canadian tax issues later on. Just make sure your paperwork is thorough and consider consulting a tax advisor familiar with international tax laws for peace of mind.
- Sat Jun 22, 2024 9:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: Moving back to Canada, tax implications
- Replies: 3
- Views: 4813
Re: Moving back to Canada, tax implications
If you both become residents of Canada again, you will file taxes based on your worldwide income with the Canadian Revenue Agency. Regarding your rental property in Florida, the depreciation you've claimed while in the US could be subject to recapture rules, and future rental income/loss would be de...