Search found 2 matches

by maddiewonders
Thu Sep 26, 2024 1:15 pm
Forum: Canada / United States Tax & Accounting
Topic: Depreciation Recapture
Replies: 1
Views: 1811

Depreciation Recapture

I moved to the U.S. on a TN visa in April 2020 and rented out my principal residence in Canada, which I purchased in August 2018. I claimed depreciation on the property in the U.S. from 2020 until 2023. Now that I am moving back to Canada and reoccupying my principal residence, and I will be filing ...
by maddiewonders
Tue Jul 30, 2024 3:57 pm
Forum: Canada / United States Tax & Accounting
Topic: CPP and OAS for US resident
Replies: 1
Views: 1899

CPP and OAS for US resident

The treatment of CPP and OAS and whether it counts as general category FSI or if it should be treated as domestic US income like Social Security. Per treaty it should not be construed as foreign because of Treaty Article XVIII(5)(b), which states: (b) a benefit under the social security legislation ...