Serbinski Accounting Firms

See:
https://www.canada.ca/en/revenue-agency ... _mpld_wrkr

Incorporating may or may not be the best solution for you.

1. You should not have tp pay US taxes. However, unless you are working a sa contractor, you MUST be on a CDn payroll with this firm. 2. If you are an employee they MUST issue you a T4, as they MUST pay you as a Cdn employee, with CDn taxes, CPP, EI, etc., Otherwise you MUST be a contractor. 3. The ...

RRSPs are exempt from trust and PFIC reporting, so the only thing you would need to do in your RRSP is crystalize gains to give you a higher cost basis for future possible US tax. ETFs and mutuals held outside RRSP, like in TFSA are subject to PFIC and perhaps trust reporting, so can be problematic....

If you need to use CCA, I would use the FMV when you arrive in Canada, since that will be the basis for tax in canada.

Since TFSa is treated as an an ordinary account in US, you might want to sell your winners, and keep your losers.

As to whether you should collapse the TFSA, that is a matter of debate, based on whether TFSA is viewed as a foreign trust or not.

You do NOT need to keep any ties in Canada or elsewhere on TN. It is not a tourist or student status!
You onlt need to leave when you are no longer on TN (or other valid status)>

Brokerage companies are forbidden from holding accounts for US residents, unless it is an RRSP. Forget that.

If you are concerned about keeping Cdn currency in your investments, there are Cdn firms that trade on US markets.

There is no tax law that prevents contributing to an RRSP while US resident. However, MOST RRSP firm will not deal with new clients fir an RRSP, and even fewer will accept new money from a US resident, by their own rules. There are also SEC regulations which scare off most firms. Also, since you wou...

In both canada an US you are reposnsible for renatl income to the extent that you own the property. You own 1/2, you report anf pay tax on half.

Sorry, missed the "not" trenting. You would only need to report when you sell.

Not a problem

No. Simply declare your departure daye on your return in the year you leave. If CRA doubts you, let them ask for NR73. From what you described, as I expalined before, you won't be making a treaty claim, but will be "simple" non-resident.

It is not a bad idea to file the 1116's in any evnt, for carryforward purposes. You never know.

Yes, it usually best to dissolve if there is no need for the corp while outside US. The income should be taken before going to US, as once in US, the income would be taxable in US, and there would not necessarily be a tax credit available for the dividend taken (and taxed) in canada.