Serbinski Accounting Firms

You need to let your acct know rthat you are MARRIED. he will 'presumably' figure it our from there.

You are no longer SINGLE.

The correct way to determine any tax pid is not the way you are doing it.

You must divide your TOTAL tax by your total income ,and then use this figure as your 'tax rate'.

If you made $50,000 including $1000 interst, then your tax on interst would be 2% of whatever your final tax was calculated to ...

As soon as I sent out my response, I mused that you might not be married in the US-sense (same-sex or otherwise).

it is one of the main reasons why yanks are moving to canada.

That and their hatred of the current Administration's policies.

There is no problem with anyone owning property in US and ...

Your disability payment is in all likelihood a 'pension' in the eyes of IRS and CRA, so you wil be taxed in both US and then Canada, with Canada granting you a tax credit on the US tax owed.

You will continue to file a US tax return while living in Canada (likely joint with your spouse), as well as ...

It looks like you're saying that I should just enter the deemed disposition as an actual sale when prompted by Ufile for sales of stocks

That is what CRA asks, it is written right on form T1243.
The purpose of T1243 is to separate out your deemed dispositions, as these have special status should ...

.. and why would you state that foreign income is irrelevant if you are a departing resident?

Many people have foreign income whether they are leaving Canada or not, and even more have foreign income received the year they leave, but before their departure date.

Form T1243 (not T1234) and Form ...

There is nothing stopping you from printing out your return, and filing it on paper, including all the departure forms.

C'mon. If you were able to log on to this iste, and Ufile, I think your up to figuring this out.

There is a specific line on schedlue A for foreign taxes paid. Enter it there.

You are merely creating a 1099-R to populate line 16a and b of 1040.

The deducted taxes don't have to go on the faked 1099-R, in fact they should not.

merely enetr them on schedule a.

You may have so few deductions that the program is electing to give you the standard deduction, which is quite likel;y unless you have a mortgage.

The IRS is not so 'receipt-mad' as CRA. Very little is ever sent with a 1040.
If they quaestion your claim, they will ask you. the only receipts the IRS wants you to send (and that is only with a paper 1040) are W-2s and those with US tax withheld.

The 1040 doesn't differentiate what is foreign and ...

By 'wages' I mean earned income, which can include employment income ans self-employment income. but not cap gains, pension, etc.

these are not typicallly reported on the same lines on T1 or 1040, but may both be eligible for 255 exclusion.

please read the instructions for 2555 to determine what ...

The "easiest' is 2555, since you exclude the income altogether, if you qualify.

1116 is quite complex as it requires you divide your foreign income and tax into several categories, and then limit the credit by you effective US rate. This usually results in a lot of unused Cdn taxes to carryforward ...

.. .and that is US tax withheld.

Why would the 1099's need changing?

Unless the 1099 has US tax withheld, it isn't sent with the 1040.