Search found 11 matches

by ETA
Thu Sep 18, 2008 8:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Strategies for avoiding hefty US estate tax?
Replies: 2
Views: 2188

Thanks nelson. I came across some useful links on this subject: http://www.acranfield.com/Admin/Articles/article_us_estate_tax.pdf http://www.cbpp.org/5-31-06tax.htm http://findarticles.com/p/articles/mi_qa3984/is_200602/ai_n17180076/pg_2?tag=artBody;col1. http://www.grasmick.com/snowbird.htm (somew...
by ETA
Thu Sep 18, 2008 12:47 am
Forum: Canada / United States Tax & Accounting
Topic: Strategies for avoiding hefty US estate tax?
Replies: 2
Views: 2188

Strategies for avoiding hefty US estate tax?

Apologies if this has already been discussed (I didn't find anything in over 1 hour of looking) and hello to Nelsona and the rest of the gang here -- it's been a while ;). My parents are Canadian citizens / residents who own a condo in Florida and they've recently become aware of the heavy tax penal...
by ETA
Fri May 05, 2006 10:49 am
Forum: Canada / United States Tax & Accounting
Topic: How to file 217 election?
Replies: 8
Views: 5049

Great reply as always Nelson. How much does filing an NR5 help? It sounds like this can't eliminate all withholding (or the 217 would be unnecessary). For someone with practically no world income, what would the withholding be reduced to (from 25%)? And you're 100% correct on the interest income -- ...
by ETA
Thu May 04, 2006 9:34 pm
Forum: Canada / United States Tax & Accounting
Topic: How to file 217 election?
Replies: 8
Views: 5049

How to file 217 election?

Hi all. My wife took 8K out of her RRSP last fall and now I want to get back the 25% tax that she paid (she had zero world income last year). This appears to be the 217 form: http://www.cra-arc.gc.ca/E/pbg/tf/5013-sc/5013-sc-05e.pdf, however, am I right that I also have to file the general T1 for no...
by ETA
Wed Jun 22, 2005 1:26 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP withdrawals for 0 income spouse in US
Replies: 5
Views: 3833

Thanks Nelson!

I'll add the actual links once I track them down.

So, in your case, are you paying the tax then getting it back, or am I right that with the right preparation (form) you can avoid having to deal with any withholding tax / filing a return to get it back?

ETA
by ETA
Wed Jun 22, 2005 12:53 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP withdrawals for 0 income spouse in US
Replies: 5
Views: 3833

RRSP withdrawals for 0 income spouse in US

Could someone point me to the threads where this was discussed -- I've been unable to find them so far. What I'm looking for is the info on how a spouse with zero (or really low) income can withdraw funds from his/her RRSP and pay no tax as long as the amount is below some threshold (about 8K if I r...
by ETA
Wed Mar 02, 2005 3:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Please read/post about RRSP in US Here!!!
Replies: 59
Views: 34634

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by orillia4</i> Why are you suggesting moving your RRSP's to TD Waterhouse of Canada? Is there sp...
by ETA
Mon Feb 28, 2005 12:41 pm
Forum: Canada / United States Tax & Accounting
Topic: residency split between VA and TX
Replies: 2
Views: 4023

Thanks Nelson.

I didn't think to look for a separate form for this [:I]...

ETA
by ETA
Mon Feb 28, 2005 12:19 am
Forum: Canada / United States Tax & Accounting
Topic: residency split between VA and TX
Replies: 2
Views: 4023

residency split between VA and TX

Hey all -- hopefully a quick question here... I worked in VA up to 01/15/04 last year. I became resident in TX on 03/15/04 and I've been living/working here since then. As far as I know, none of this should affect my federal return, apart from needing to include eligible moving expenses and the fact...
by ETA
Fri Oct 29, 2004 12:37 am
Forum: Canada / United States Tax & Accounting
Topic: Buying Empty Lot in Canada
Replies: 6
Views: 6400

Thanks for the replies! Now we just need to scrape together, oh, half a million dollars or so (unless we want to buy near James Bay [:p]).

ETA
by ETA
Thu Oct 28, 2004 3:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Buying Empty Lot in Canada
Replies: 6
Views: 6400

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by Nelson</i> Since it is not a possible residence, you are not in danger of establishing a resid...