Serbinski Accounting Firms

schwaz wrote: > Have you seen any cross-border sites that argue against TFSA being a trust? This is tricky - particularly because my TFSA agreement structures it as a trust. It's possible one can argue substance over form, but the form my WealthSimple TFSA takes can generally be argued to be a trust...

fadius wrote: > I've been reading a bunch about this and yeah it's a headache. I'm going to > file for an extension until October and not worry about the 3520 for now. > Hoping to get additional pro opinions about it after the tax-crunch period > is over and will decide how to proceed then. This is ...

Hi all, my wife is a U.S. resident alien (former Canadian) who received a lump-sum cash distribution from an Employee Share Ownership Plan (ESOP) trust after leaving her employer, the Canadian branch of a U.S. organization (NYSE-listed stock). We both became resident aliens 01/01/2024, and the withd...

fadius wrote: > @jbregs where did you find the wording you referenced in your post about > the user agreement? > I went through the TFSA account user-agreement and couldn't find any of the > text you referenced. I went through "WS Investments User > Agreement" as well as "Investment A...

I am unable to edit my original post, but as an update, it does seem that -- at least in my specific case -- that I require filing 3520-A. My TFSA is with Wealthsimple & Wealthsimple explicitly specifies: - Yes, our TFSAs are a trust arrangement and are generally considered to be foreign trusts ...

Hi all, Have a question, and I know this is a debated topic -- wanted to get your 2c. Some context: - TFSA held an High-Interest ETF asset through Dec 29, 2023. - High-interest ETF asset was sold Dec 29, 2023 - There was a Dividend event on Dec 29 that triggered $144CAD dividend payment for Jan 07, ...

Hello! In the midst of filing taxes this year, and realized that my wife and I could have definitely better set our selves up for success in 2024... I think the biggest challenge is that many of our CAN tax slips came back as resident slips, instead of NR4s... Some background/context, before I bring...