Serbinski Accounting Firms

Hopefully NB told yoy this, or they are simply fishing for your money.

Just a word of caution, depending on how old you are: When you create a new Roth, even from a transfer, you restart the 5-year clock to make the Roth growth completely tax- and/or penalty-free. If you are thinking of using that money soon and are in your mid-50's, you might not want to reset your cl...

I see that NB has a US presence. This should be fine, as long as you are dealing with that side of the house.

Strangely, you do NOT have to file a new election when transferring your Roths, as long as you filed the elections on the Roths you had when you returned. I am intrigued that you are transferring to BMO. I assume this is the US side of BMO? I am unaware that Nesbitt Burns in Canada has any license t...

You should amend your1040 using 1040X and sending in a revised 1116. It is unlikely that the lower Cdn tax will result in more US tax, as you probably didn't use much of the Cdn tax on your 1116 anywys.

No.
I trust you are reporting your net rental income on a 216 return?

Your portfolio investments are not considered "Canadian" any longer, as you paid your deemed disposition tax when leaving Canada. Note that you are not supposed to maintain a brokerage account in Canada when living in US.

It is simpler if you sell before moving, but you would have two years to sell without any US taxes (unless you rent it out) and there is no chance that any gains would occur after entering Canada (which would be taxable in Canada).

You'd have to point us to where you "heard" this from.

Canadian Interest is taxable in US if you reside in US. Even in a TFSA.

No, it does not involve household income. Cdns do not file joint returns. Please do not post misinformation as part of your spam

You likely will not want to file as a non-resident of US, as you will be taxed on your US income at a very high rate. As I said, you will likely want to file a full year 1040 (joint with your spouse) as this will be the lowest US tax. You do not have to meet any day requirement to do this, as Cdns e...

For Canada, number of days don't matter. You would file as an "Emigrant" based on the specific date you leave Canada. If you leave Canada before your spouse, you will still be selling your "half" of the house as a non-resident. No taxes, but some paperwork in Canada. If you start...

No, it should not count towards your MAGI.

They need to be reported. Period.

So be sure to follow the steps required for a non-resident. Your Cdn broker may not be up to speed on that and may think that since you are Cdn, you don;t need to follow those rules. Here is an example: https://www.crowe.com/ca/crowemackay/insights/non-residents-selling-property-in-canada https://ww...

Of course. It is the correct withholding, so IRS will accept it.