Serbinski Accounting Firms

NOT in and IRA. IRA's are like RRSPs in the sense that it doesn't matter what happens inside the IRA, or what kind of investments are held , any withdrawal is 100% taxable in US (and this in Canada).

Now in a straight investment account in US (not in an IRA or any other kind of thrust), inherited ...

I will talk about the IRA:

If one inherits an IRA, there is no income or estate tax for the mother. Your wife however would have to take distributions from the IRA as income either immediately or spread over max 10 years. This distributions would be taxed in US first and Canada, with credit given ...

Well, since 401(k) is treated as a pension, and contributions made to the Roth "feature" while Cdn resident are ignored, then the taxation part will be as any other pension: what is not taxed in US cannot be taxed in Canada.

Since CRA has made this interpretation, I don't see how "forced" Roth401(k) contributions could be considered any different that "normal" elected Roth401(K) distributions.
However, I would be careful, in light of the last 3 paragraphs of the folio, that there appears to be a distinction between ...

So you had a job in Canada while you lived in US? This income would be reported on your 1040, so you could use the CDn tax on that wage, as an FTC in that year. Or was this only in the year that you moved?

Your house sale is passive, so any built up CDn tax that you did not used can be added to the ...

The rule for CRA is the income generated by a joint account is apportioned based on what was contributed by each party.

So, you need to know from which US accounts were funds DEPOSITED/TRANSFERRED to the Cdn bank: yours, the spouse's or a joint account. What happened before those transfers can be ...

You were given incorrect information.

For US, FTCs are to be used on the year they are incurred , subject to limitations, AND THEN can be carried forward up to 10 years, or carried back one year.

For Cdn taxes, non-business FTCs can be used ONLY in the year they were incurred.

So how have you ...

Indeed. As you say, it's the brokerage side of the house that *might* accept you.

There are no laws or regulations that prevent such a transfer, HOWEVER many firms, especially banks, have made an internal policy to not accept a transfer fronts.m US reside

You would need to check with Cdn brokerage firms, as banks are unlikely.

Assuming you do not begin renting it out after moving, your assessment of US taxes is correct, IF your overall gain is less that the $250K/500K exemption.

For Cdn purposes, your cost basis for the home is the value on the day you leave, so selling a few weeks/months after moving should result in ...

I know of no such form, in either US or Canada, and even if there was, I do not believe it would impact your taxes in year of sale.

As long s you have a good valuation from the time you left canada/began renting, the taxes are quite straight forward.
For Canada you get an extra year of principle residence exclusion in calculating your overall gain. (ie. if you left 6 years ago, you only count 5 years as taxable gain bases on ...

As a US resident, the gains on stocks -- even Cdn ones -- are not subject to Cdn taxation, so giving them to a Cdn resident, incurs no Cdn tax to them or you. Their cost basis becomes the market price on the day you gift them. Nothing for you to report in Canada.

Mine worked in March

Assuming none of it is US real estate or resource investments, you should be able to -- either by using the treaty or by simply using foreign tax credits -- to avoid any US tax on this gain.