Serbinski Accounting Firms

Question: Canadian resident working in Canada for Canadian company as an independant contractor. Is there an equivalent form to the US 1099 and at what dollar amount per year must the Canadian corp issue (i.e. it is $600/yr in for the US).

Thanks.

It appears that Immig Can requires individual state police certs for US persons immigrating to Canada if they have lived in a state for more than 6 months.

Some states offer both name based certs and fingerprinting certs, but Immig Can does not specify anywhere what they will accept. Name based is ...

Situation: A newly formed Canadian company (federal charter) with a home office in Quebec.

Question 1: When providing consulting services to a US company (no nexus to Canada) does GST & QST have to be charged?

Question 2: Assuming that no GST or QST is charged when providing services to US ...

In the Montreal Gazette a few eeks ago, an article appeared regarding amendments to the refundable tax credit for child care. The article stated: "...for those paying $25 a day per child, it's now pretty much a wash, even if household income is as much as $125,000, because the government has raised ...

For a US citizen that is a shareholder of a US LLC (Partnership tax status) who is living and resident in Canada, how does CRA treat K-1 income for tax purposes? Is it simply treated like all other ordinary US source income, or is there any double taxation or tax hit from CRA in the way in which ...

Question: US citizen owns a home (has been the primary residence for 2+ straight years) in US and rents a home in Canada. Let's assume that the couple lives enough in the rental home in Canada to be deemed resident in Canada by CRA. If the US home is sold for under $250,000 profit, is there any ...

US company (LLC) wants to use an independent contractor who resides in Canada and is a non US citizen. All work will be done remotely from Canada. Contractor already has a SS#.

For a US based independent contractor the company would be required to fill out a form W-9 and the company would then ...

is it generally agreed now post protocol that a US citizen with an exisiting Roth IRA that moves to Canada and becomes a resident can maintain all of the original benefits of the Roth IRA (assuming no future contributions after the move)?

i.e. the money will continue to grow tax free post move and ...

What if the individual is also a US citizen and placed the trades while in the US -- say while on vacation or traveling thru the US? Or, what if the individual gave power of attorney to a US resident like a relative or an accountant, and that person was making the trades?

are there any other ...

"You should not be trading in a US (non-IRA) brokerage account once you reside in canada, since that broker is not licensed in your province of residence. "

what if any real consequences could flow to the individual should he elect not to close his US account and continue to trade in it.

Thank you, and one more follow up:

The nuclear family will be moving to Canada, so what if a grandparent who is a US citizen and US resident (no ties to CAN) were to set up the 529 and the grandchild (who in 18 years is a dual citizen residing in CAN) went to an approved school?

Under this ...

Would there be CRA tax on only realized gains or is it on the increased annual value?

Also, given your response, it seems like there be a better strategy other than putting money into the 529 plan? What would make the most sense?

Wife and children our dual citizens currently living in the US. If we put money into a 529 plan now and then move to Canada permanently, how would CRA treat the withdrawal if:

The child used it for an approved university like McGill? Would the answer change of the child went to an approved US ...

For a US citizen that is a shareholder of a US S-Corp who is living and resident in Canada, how does CRA treat K-1 income for tax purposes? Is it simply treated like all other ordinary US source income, or is there any double taxation or tax hit from CRA? If there is some extra tax hit, is there any ...

I am a US citizen and my wife is Can with Green Card. We live and work in the US. We are thinking of buying or renting an Apartment in Quebec to have as a place for when we visit. If so, we would most likely want to bring several rooms worth of furniture with us to furnish the place.

1) What if any ...