Search found 7 matches

by BruceP
Mon Nov 27, 2006 2:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Paying New York Taxes despite Canadian Resident
Replies: 6
Views: 5864

Nelson.....Thank you for the info. I called the tax consultant this morning and he too told me that indeed, there was no credit. When I pointed out the form, which is new for 2005, he said it is something he missed. And paying 10% is WAY better. One more question....from my searching online, it seem...
by BruceP
Mon Nov 27, 2006 2:37 am
Forum: Canada / United States Tax & Accounting
Topic: Commuting to Toronto from NY, How to deal with exchange, etc
Replies: 8
Views: 7066

Nelsona....I have a question....Above you indicated that NY would not give me any tax credit. But what about NY Form IT-112-C, which apparently does give credit for provincial tax. What am I missing? You know, I am a rocket scientist...and this IS so frustrating! At least I can handle the miles to k...
by BruceP
Mon Nov 27, 2006 2:09 am
Forum: Canada / United States Tax & Accounting
Topic: Paying New York Taxes despite Canadian Resident
Replies: 6
Views: 5864

One more thing....Is there a tax credit to NY State for taxes paid to Ontario? It seems like there is, via form IT-112-C, but I believe the tax consultant I spoke with told me there was no credit to NY State, and estimated I pay some 5% to NY, on top of everything in Canada. Is this credit some perc...
by BruceP
Mon Nov 27, 2006 12:59 am
Forum: Canada / United States Tax & Accounting
Topic: Paying New York Taxes despite Canadian Resident
Replies: 6
Views: 5864

Paying New York Taxes despite Canadian Resident

I am currently a US citizen in new york state. I am considering taking a position in Toronto. I would plan to commute back to NY on weekends. Apparently NY State places hands deep in your pockets trying to keep you paying NY State taxes. In my case, I would plan to be in Toronto well over 200 nights...
by BruceP
Sun Nov 26, 2006 8:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Commuting to Toronto from NY, How to deal with exchange, etc
Replies: 8
Views: 7066

Thanks for the info...I will check them out.

So you have two different banks, one in the US and one in Canada.

Which banks? Any reason why not a single one with dual accounts?
by BruceP
Thu Nov 23, 2006 4:06 am
Forum: Canada / United States Tax & Accounting
Topic: Commuting to Toronto from NY, How to deal with exchange, etc
Replies: 8
Views: 7066

Thanks for the advice.. I haven't found any good sources of information online about canadian bank "reviews", i.e. which bank should I go with? Does one generally offer the best exchange, dual us and cdn accounts, and lowest fees? How much am I looking at for this EI and CPP? I have been t...
by BruceP
Sun Nov 19, 2006 6:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Commuting to Toronto from NY, How to deal with exchange, etc
Replies: 8
Views: 7066

Commuting to Toronto from NY, How to deal with exchange, etc

I am thinking of accepting an engineering job with a company in Toronto. I am not willing to permantently relocate to Toronto due to family reasons. I plan to commute to Toronto, acquiring an apartment in Toronto, and spending weekends back in NY State. I expect to get paid starting in Jan 2007. All...