Serbinski Accounting Firms

Good afternoon Nelsona. I really appreciate your help. I am sorry for the confusion. I and my wife actually have US immigrant visa ( I-551) now. If we enter the US and get our visa endorsed ( stamped) at the border on Oct 1 this year and that means we will be US permanent residents (green card holde...

Thanks so much Nelsona. The treaty allows Cdn residents leaving for the US to reset the cost basis to no lower than the FMV the day you leave canada. Does this apply to green card holder? Does this mean if we enter the US and get green card activated on Oct 1 for example, US will reset the cost basi...

I really appreciate your advice, Nelsona. Does this also include investing (rental) houses in Canada? What about rental property in the US? Do we have to get the appraisal from professional real estate appraiser?

Than you so much, Nelsona. If we sell our principal home after we become US resident (get Green card activated), we understand we are exempt from Canadian capital gain tax as Canadian resident. For US capital gain tax, is the tax calculated based on the cost (price) when we bought it, or only pay US...

Hello, We got US green card approved and plan to activate the card in a few months. If we apply for re-entry permit and return and work in Canada for a year or two after green cards activation, we will be still considered Canadian tax resident and file Canadian income tax return and report world wid...