Search found 2 matches
- 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 ...
- 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 ...