Serbinski Accounting Firms

Sorry, I wasn't completely clear. My "disposable" income consists of a teaching assistantship and a fellowship. The fellowship is taxed by both countries; the TAship only by Canada due to the tax treaty. The US fed/state tax credits only serve to reduce my net income in Canada (entered on ...

Last year I filed both state and federal nonresident alien US tax forms along with a Canadian T1. A small amount of my US employment income was exempt from US tax due to the Canada-US tax treaty, but the majority was taxed both in Canada and the US. Thanks.

We're allowed the foreign tax credit on the teaching income and 16% of the tuition as credit. Sadly, the tuition gets taxed at 22% up to $64,368 and 26% beyond that. I've already claimed my moving expenses and have maximized my RRSP contributions, but I'm still going to be stuck with a huge CDN tax ...

Just to clarify, the Canadian federal tax on the teaching income of $30,000 is $3,579 at a rate of 16%. But, the $45,000 scholarship raises my income to $75,000 and an income tax of $13,844. The tuition fees are deducted as a tax credit but at only 16%. The final result is that I have a federal tax ...

Hey, I just started graduate school on a F1 visa in Sept. 2003 and I'm wondering if I am eligible for Canadian nonresidency for 2004. I was only present in the USA for 111 days in 2003, but I will be here for the full 365 of 2004. I'm earning ~$30,000 CA as a teaching assistant and have a ~$45,000 C...