Search found 98 matches
- Wed Apr 04, 2007 1:29 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
- Wed Apr 04, 2007 12:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
- Wed Apr 04, 2007 12:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
- Wed Apr 04, 2007 11:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
nelsona, I am using the pro forma 1040 MFJ method (I hadn't had a chance to finish this up until now) to calculate the eff. tax rate and use that on the NR. Previously I had come up with a eff. tax rate of 15.26% but I realized that I hadn't entered any information for foreign taxes paid in Canada o...
- Thu Mar 22, 2007 1:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Tax Deduction under section 20(11)
- Replies: 4
- Views: 5394
- Thu Mar 22, 2007 10:37 am
- Forum: Canada / United States Tax & Accounting
- Topic: Budget to address cross-border pension issue
- Replies: 1
- Views: 2049
- Mon Mar 12, 2007 8:10 am
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP return
- Replies: 0
- Views: 3902
RRSP return
This may be trivial and I'm missing something obvious here but maybe someone could help me out... Keeping this pretty straight forward: Assume $75k income, $0 current RRSP contribution. For simplicity, my current refund is $0. If I add $1000 to an RRSP, in Ontario, should I now see a new return of $...
- Mon Mar 12, 2007 7:58 am
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Tax Deduction under section 20(11)
- Replies: 4
- Views: 5394
- Thu Mar 08, 2007 8:41 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
- Wed Mar 07, 2007 7:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Tax Deduction under section 20(11)
- Replies: 4
- Views: 5394
Foreign Tax Deduction under section 20(11)
Canadian working in US (commuter)... Generally I have always used my foreign tax paid against Canadian tax otherwise payable but I have been told the following: There are two ways of using the foreign tax paid: the more advantageous one is as a credit against Canadian tax otherwise payable, the othe...
- Wed Mar 07, 2007 7:53 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
Sorry nelsona. What I meant was, using the pro-forma 1040 (MFJ) I arrived at an effective tax rate of 15.26%. When I calculated our individual tax rates using the 1040NR method, I got 17.3% for me and 15.1% for my husband. It seems it's more beneficial to use the pro forma method (w/ treaty exemptio...
- Sun Feb 25, 2007 12:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
nelsona, if my husband's eff. tax rate is actually lower using the NR can I file his NR using that tax rate (15.1%) (i.e. a regular NR) instead of the eff. tax rate determined from the pro forma (15.26%) but use the pro forma eff. tax rate for my NR? In other words, can I claim the treaty and my hus...
- Fri Feb 09, 2007 9:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Earned Income Exclusion & Roth IRA
- Replies: 6
- Views: 3931
- Thu Feb 08, 2007 3:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign Earned Income Exclusion & Roth IRA
- Replies: 6
- Views: 3931
- Wed Feb 07, 2007 10:20 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian TN commuting to US - how to file next year?
- Replies: 112
- Views: 66449
it may interest you to know that just above the cutoff at the bottom of the 35% bracket, there’s a strange little micro-bracket caused by a quirk of the OHIP premium. From $72k to $72.6k, the marginal rate including the OHIP premium is over 60%. I'm not sure if this is your neigbourhood but it may...