Serbinski Accounting Firms

Once you meet the 5-yr rule in one account, any future account is considered to have met it, so then it will just be age that determines if any is taxable.

Transfers between roth accounts is NOT considered a Cdn contribution.

Of course, you don't want to force your self to file dual status in your final year, making you pay higher taxrate on your US income from the first part of the year, just to not have to pay a little tax on interest.

It will take some careful timing to not pay ANY US tax on selling the bond, since interest accrues monthly. You would need to sell just days after leaving US.
The accrual for that month would be reportable in Canada.

You would not list it anywhere. The only interest you would report on page 1 would be related to a business in US. Neither should it be listed on the NEC portion.

You are not likely to find information here about 3rd country matter, as this forum deals with US/Canada matters. As you point out, 401(k) and taxable Roth401(k) distributions are splittable for CRA purposes. IRA and taxable RothIRAs are not. Since your plan seems to have a more varied investment ch...

If the GIC accrues annually, then you will not be reporting anything in Canada, because the accrual will be after your departure date.

That said, you will need to report the entire accrual for the year on your 1040 or dual-status 1040.

Treasury will always issue a 1099 for interest, regardless. W8-BEN is for withholding. There will be no withholding.

But there is no harm in sending one.

Curious, how, without living in US, were you able to create an account on their website, since it requires a US address?

We are talking Cdn residents here, but, yes if you are a US resident and come to canada, you will be on the hook for only the interest accrued after arrival in Canada. As to the interest taxation in US, if you are not a US resident (ie. filing a 1040NR) you wouldn't even need to report the income, a...

Ah, it looks like they have tightened the rules on that. Were the only province that allowed it.

Was there something unsatisfactory with ND's answer. That is what 9100 is for.

There is also a Table 1-1 in IRS Pub, 54, but I suspect that would have had to have been invoked the year you fisrt decided to "un-elect". Again, 9100.

Lost> Yes.
People are getting notices saying, we know you sent your return in in a timely manner, but we can't find it. Please resend a copy.

Look into keeping OHIP under the temporary move clause. It can last upto 3 (5?) years, and doesn't lapse. coverage remains in effect. Could get back to Canada for treatment without delay. It's not everyone, but check it out. You will need Medicare if you live in US. Weigh it against the extra taxes ...

As long as she visits you and you do NOT visit her, you will be able to declare a departure date when you move, and be considered a "deemed non-resident" (which is treated identically like a non-resident) thereafter. This would be under the centre of vital interests paragraph of the treaty...

once your spouse is living in Canada and your stuff is there, unless you are working and living in US, it would be hard to say your vital interests are in US. Most people move their stuff last, after they have sold their home and found one in Canada. So their move date is accepted by CRA has their d...

If you don't physically move to Canada you aren't resident of course.
I would check with an expert about what having this foreign trust (in Canada's eyes) means for you reporting-wise. It may mean nothing, if you don't want it to.

Can I ask the purpose of putting your home in a trust?