Serbinski Accounting Firms

So, the only "way around needing to file a CRA return for 2026" would be to determine that sometime in 2025 (or earlier,) you became a deemed non-resident, and file your 2025 (or earlier) return accordingly.

... and if you are able to satisfy yourself that you qualify as a "deemed non-resident" at some point, you will have to file a departure return with CRA, with the departure date coinciding with the date you satisfied the conditions of deemed non-resident. This return would include (with some ...

To stop filing a Cdn return - since you have a residence in both countries. you must show that your centre of vital interest ie. your life, is "more" in US than in Canada. Until you can show this, you will continue to file in Canada as a tax resident (and in US of course due to your citizenship ...

This is NOT a cross border issue. Contact the employer, if you think their T4 is wrong.

As I said, the only thing that your donor has to watch for is gift limits. But as to gifting stock to a foreign person, there are no US cap gains issues.

Your spouse gifting to you would still make it finally taxable in spouse's hands, by the attribution rules, with the cost basis of the day your ...

Neither the donor nor your non-US spouse would be subject to any US cap gains tax. There may be gift tax issues for the donor if the donation is more than a certain amount. The spouse would owe cap gain in canada when sold based on the value when it received.

For you, you would inherit the original ...

1. Yes, a second NR4 from that property.
2. Yes, if your actual tax on that property would be less than 25% of the gross (which it very likely is) it would be to your advantage

You will need to apply a second NR6 (or more likely a revised NR6) with the new property

Remember that all rental income ...

That is not the case as they were formed as essentially an employee benefit and are protected by treaty.
You would only report income if you made a non-medical withdrawal (as you would in US)>

Where did you read this? Not here I hope,

If you file as a resident, then yes you will need to report internal incomes from those accounts REGARDLESS of whether you are required to file a FATCA report.
You are not required to file a 1040, you could both be filing 1040NR under XXV(3), and avoid all this.

First, to clarify, the HSA would be sheltered. It is simply the contributions would not be deductible. But other than that, it works like any other HSA.

Your HSA does not have to be reported to CRA. For your Roth, I would simply send in the election that you should have sent the first year in ...

Just to clarify, Bank interest from Canada paid to US residents is not taxed in Canada, not because it is being reported in US, but only because Cdn regs (and the treaty) say so.

There is no rule that says one doesn't have to report income in one country "since it is claimed elsewhere". The poster ...

It is safest to report these accounts (all of them, including your Cdn bank accounts) on FBAR. Whether they need to be filed under FATCA depends on the total value of your foreign (ie. Cdn assets).
There is some debate whether you are required to file FBAR or FATCA when you have merely ELECTED to ...

Ignoring the (non-answer) responses to your question posted elsewhere, your spouse will need an SSN (it will be a non-working SSN) to collect, and it will be issued during the application process. They will fill the SSA-2 form to get things rolling (when they fill with ID/citizenship. Age and ...

Just so we are clear, the RRIF is actually disposed, not "deemed", since it was paid out.

The RRIF becomes part of his estate, subject to estate tax. Any Cdn tax would be used against any US estate tax that would arise, but the estate tax exemption is so large that it is unlikely that there would ...