Serbinski Accounting Firms

Residency or citizenship does not impact eligibility for these programs. Residency affects taxation only.

They all do it correctly and produce the 10-year carryforward report.

1. No. The income in the Roth ois not reportable, so the there will be no dividend tax credit in any case.

There is no "income" to gross up.

You will receive some SS, some CPP and some OAS, and it will be paid to you wherever you live.
How it is taxed will depend on the treaties between US, Canada and the country you live in.
Check back when your plans are more concrete.

The treaty specifies that SS (and CPP/OAS) received by US citizens is not taxable in US, so they would file accordingly.

It would not be considered a significant tie, however you aren't entitled to an ON DL if you no longer live there.

He LIVES is Canada, per the terms of a commuter GC (which is not the same as a GC). So he must be a Cdn resident. He would need to move to US to be a US resident.

If the credit brings your US tax burden below your Cdn burden, it is correct that there is no overall benefit to taking the credit, but that could be said about many US tax breaks for Cdn residents. It is up to you at that point whether you want to give more to CRA or more to IRS. You should be focu...

… meant need have election filed.

Only your Roth and Roth401(k) accounts need to be reported.

Only "periodic" payments are entitled to the 15% withholding rate, as the company explained. So your lump sum should be withheld 20% (or 30% if under 59.5 yrs old) This is only withholding. At year end you can and should file a 1040NR and report the income on page 1 and get the true tax rate, and a ...

No they will not care.

Whne moving to/from Canada the 183 days has no meaning. Your residency start/stop date is determined when you move, and you become/cease to be resident on that day. The 183 days is only important if if you are not resident at all in canad for the entire year, but spend 183 days or more in Canada (ma...

AS I said earlier, whether you are considered residing abroad only affects the threshold. Since you won't meet any of those tests for 2019, you will need to follow the married US resident thresholds.

This form is filed every year whether or not you live in US, IF you meet the threshold for residents or non-resident, depending on your situation. If you've had sufficient specified assets in Canada in past years (RRSPs bank accounts, property, etc) you would have had to submit that form with your r...