Serbinski Accounting Firms

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 ...

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 ...

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 ...

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 ...

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

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 ...

<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 specific advantages with TD versus others?

Rich
<hr height ...

Thanks Nelson.

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

ETA

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 ...

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

<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 residential tie.<hr height="1" noshade id="quote"></font id ...