Serbinski Accounting Firms

Thank you for your clarification.

dual national living in Canada. Is all U.S. sourced interest treated like Bank interest and re-sourced to Canada? Interest reported on a 1099 received from a registered Canadian securities company? Interest received from holding a mortgage in the USA? Thanks

For a dual US/Can citizen living in Canada is interest received from a seller-financed loan in the US taxed like bank interest. Meaning, is the interest taxed by the resident country, Canada in this case, even though it came from a U.S. mortgage. The capital gain from the property sale is of course ...

Confused on re-sourcing income 1. Income from US dividends. Does the US claim such income first? A dual national would submit a W9 in Canada and then no US tax would be deducted. A Can resident only (not dual national) would have 15% US tax deducted and then get a credit on the Canadian return for t...

Just to be clear--As a US citizen resident in Canada must I report any Social Security payments on my US tax return even though a SSA-1099 was issued? The implication from the previous post suggests this.

Now that non-resident tax is no longer withheld, will US residents with Canadian bank accounts have to file a Canadian tax return to report this income to Canada. I also have rental income and pension income from Canada.

As a resident of the US with a Canadian RRSP, is it not possible to make a purchase in a self-directed RRSP when you are physically present in Canada?

I received a T5 from a bank in Canada. Must I complete a T1 tax return to report this T5? I have been a tax resident of the USA since 2001. My other reporting slips from Canada were all "NR4" with 10 or 15% tax deducted for Canada. How do I pay Canada the 10% owed on this bank interest.? T...