Serbinski Accounting Firms

"The One Big Beautiful Bill" aims to put a 5% remittance tax in place for non-US citizens sending money abroad. It's expected to become law around June-July. So presumably, anyone in the US not a USC will pay the 5% to send money abroad. Questions: - are remittances to yourself exempted? -...

Thank you for sharing your considerable expertise Nelson, it's much appreciated. Reading your responses and searching the forum, I'm coming to the conclusion that this is far beyond DIY territory for me. Life is short, and I have a move to California to prepare. Sounds like my next step should be a ...

Thanks ! I can get rid of the TFSA, but the RRSP I need to keep, or I'll lose the accumulated room. Does California tax the RRSP income only, or also the capital gain? Sounds expensive... Do I use 1040 or 1040NR to file my US taxes? Is it even doable to track this myself, or are we far beyond DIY te...

Very interesting to learn, thank you !

What happens if I visit my family often in Canada, and I'm deemed a Canadian resident? Will I be taxed by both Canada and the US? Would I be liable for anything beyond whatever tax rate is the highest? Is this very onerous or dangerous (risk of penalties) ?

Thank you for replying, nelsona.

I am planning to move from Toronto to the Bay Area for a big tech job, but my family does not want to join me. What are these extraordinary measures, and what happens if I cannot meet them? Will I be taxed twice, or worse?

Canadian moving to the US on TN. Plan to move back to Canada after 2 or 3 years. How can I optimize my assets for the move? My family (wife and children) plan to remain in Canada for the time being. TFSA: C$100k RRSP: C$100k RESP: 2x C$10k Non-registered account: $50k in Canadian ETFs. Own house in ...