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 ...

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 ...

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 Account ...

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 ...