Serbinski Accounting Firms

It is true that WEP no longer exists.
What it means though is that one's SS benefit is no longer reduced by any CPP or other foreign pensions one receives. One can still qualify for SS (but not Medicare) by using their Cdn work history using the Totalization Agreement, as you are in the process of ...

I think you would need to contact SSA to determine where your case is. I'm surprised that you went the Service Canada route; typically one applies for SS through SSA, which THEN contacts Service Canada for your work record in Canada.

But, let us know how it turns out. Haven't had many experiences ...

The reason that firms are deciding to withhold 30% is legitimate. It is because, unlike Canada, the US does not have an clear definition of PERIODIC, and as the treaty wording points out, only PERIODIC pension payments are granted the 15% withholding status.

That said, the IRS usually accepts the ...

Agree or not, when you leave Canada, your cap gains (and losses) becomes due. Then you are done with any future gains and losses for Cdn tax purposes.

As to what to do with your investments, your Cdn brokerages is no longer able to deal with you, by law. other than for retirement accounts. You may ...

For 2025, you were supposed to file as an EMIGRANT, which means a return as a resident of your last province of residence, but with a departure date in April. This affects some of your deductions. Filing as a non-resident results in an incorrect tax calculation, and bypasses the departure ...

Moving back to Canada doesn't pose as much problems as moving to US.
You don't have to do anything before moving; Canada will consider all things sold and bought the day you become Cdn resident, so there really is no need to actually sell before moving.

You might want to sell any "losing ...

1. That would be the simplest way to file for 2025.
2. It is too late for 2026, so sell them before the end of the year. You are not supposed to have any non-registered accounts in Canada once you move to US. The sooner you sell/move those investments to US the better. Your TFSA is not sheltered in ...

Since this is officially an "objection", it does take time (sometimes year) , particularly with the sums you are looking at.

I hope you are sending the transcript of US taxes in order to CANCEL your Cdn return, not simply to request a credit for the US taxes you paid.

You should NOT have filed ...

I agree that it is a little confusing.

But I would ask this: When you do your Cdn taxes, do you typically have "too much" US tax to be used on your Cdn return as a foreign tax credit (ie. you can't use all of it)?
If not, then there is little value in "overthinking this", looking for every possible ...

Since this is a cross-border forum, I'm going to have to assume that you are either someone living Canada with US property, or someone living in US with Cdn property. Otherwise the advice below does not necessarily apply to you, and I would suggest looking elsewhere.

There may be times when it is ...

US Interest:
As you say, since the interest would not be taxed in US but for the fact you are a US citizen, you claim (on a re-source 1116) that income as if it was Cdn. using the US tax (not the Cdn tax) as the "foreign" tax you wish to take credit for. You would not claim any FTC on your Cdn ...

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 ...