Search found 45 matches

by maricami
Mon Mar 08, 2010 9:12 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of stock in US - living in Canada
Replies: 15
Views: 5670

Very soon I will move my US stock to a Canadian account. What will be my cost basis after the transfer ??? Is it still the price of the stock when I moved back to Canada in 2006 ? Or will it be the price on the day the tranfer will be done ? Thanks.
by maricami
Tue Feb 23, 2010 10:39 am
Forum: Canada / United States Tax & Accounting
Topic: Sale of stock in US - living in Canada
Replies: 15
Views: 5670

I can't believe it's that simple ! I should have done this earlier. I guess it's not too late for me to do this, right ? Does it have to be an independent Canadian broker, or can it be done with a bank in their brokerage branch? Last question (I promise!), since I have a margin loan on this account,...
by maricami
Tue Feb 23, 2010 9:57 am
Forum: Canada / United States Tax & Accounting
Topic: Sale of stock in US - living in Canada
Replies: 15
Views: 5670

I also wanted to transfer back then, but I was under the impression that it was not possible because Schwab didn't have any links with Canada (I couldn't find any). I thought my only option was to sell. Did I miss something there ?
by maricami
Mon Feb 22, 2010 11:15 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of stock in US - living in Canada
Replies: 15
Views: 5670

I have a follow up question... or concern, I should say. (sorry for the long story) When I moved back to Canada in 2006, I tried to change my Schwab address to my new Canadian address. That's when I learned that I could not do that and I was told by Schwab that I had to close my account. I really di...
by maricami
Sun Feb 21, 2010 8:54 am
Forum: Canada / United States Tax & Accounting
Topic: Sale of stock in US - living in Canada
Replies: 15
Views: 5670

hehe... I know... we were writing at the same time... but you were faster than me :)
Thanks for your quick replies... as always :)
by maricami
Fri Feb 19, 2010 2:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of stock in US - living in Canada
Replies: 15
Views: 5670

Thanks for the quick reply Nelsona ! Like I said, I moved back to Canada in 2006 (after 9 years in the US). I believe (based on previous information you gave me a long time ago) that the base price for my stocks is equals to the price on the day I entered Canada again (in 2006). Can you refresh my m...
by maricami
Fri Feb 19, 2010 2:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of stock in US - living in Canada
Replies: 15
Views: 5670

Sale of stock in US - living in Canada

In 2009 I sold some stock I am holding is a US account (Schwabs). No US taxes were withheld on this sale. Now I live in Canada (since 2006). I am planning to include this sale to my Canadian tax return, but do I have to file in the US as well, even if no taxes were withheld? Thanks.
by maricami
Fri Feb 06, 2009 6:01 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian citizen & resident... but worked in US 3 months
Replies: 4
Views: 2162

Canadian citizen & resident... but worked in US 3 months

I am a Canadian citizen and a full time resident. Last year (2008) I worked for 3 months in the US (that was my only income for 2008). I was a regular paid employee with tax deductions on my paycheck.

Will I have to pay Canadian taxes on top of what I already paid in the US ?
by maricami
Fri Jul 04, 2008 10:00 am
Forum: Canada / United States Tax & Accounting
Topic: What should I do with my US stock ?
Replies: 5
Views: 2435

Thanks, I'll look into it.

But is it an actual problem to keep my stock in the US ? What would happen with taxes on my gain (CAN & US) when I decide to sell ?
by maricami
Thu Jul 03, 2008 8:12 pm
Forum: Canada / United States Tax & Accounting
Topic: What should I do with my US stock ?
Replies: 5
Views: 2435

What should I do with my US stock ?

2 years ago I moved back to Canada (after 9 years in Calif.). When I got my new Canadian address I called up Schwabs in the US to change my address. They said they couldn't change it for an international address and I had to close my account (sell my stock). I didn't want to sell, so they offered me...
by maricami
Tue May 15, 2007 7:52 pm
Forum: Business & Personal Immigration to the United States
Topic: Where to surrender GC ?
Replies: 6
Views: 6018

No I did not !!! My situation is getting a little tricky here and I need more advice. I moved back to Canada last year in July. I still have my GC. I am working for a Canadian company here in Quebec and they are sending me to the US to work for them for a week. What will happen at the border ? Is my...
by maricami
Sat May 12, 2007 8:56 am
Forum: Business & Personal Immigration to the United States
Topic: Where to surrender GC ?
Replies: 6
Views: 6018

Where to surrender GC ?

I was told to go to the border to surrender my green card. But is it possible to do it at a local consulate office (Quebec City) ?
by maricami
Wed Mar 21, 2007 6:13 am
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax Credit
Replies: 7
Views: 3048

[quote="Badger"]..... and wont be filing my US return until the expiration of the 330 day period (eg some time in June)? [/quote]

About the 330 days period ending in June (I am in the same situation), is there a need to file for an extention because this is passed the normal date ?
by maricami
Fri Mar 09, 2007 9:26 pm
Forum: Canada / United States Tax & Accounting
Topic: US/Canada Returns
Replies: 17
Views: 6979

Got it !!! Thanks again Nelsona !
by maricami
Fri Mar 09, 2007 3:25 pm
Forum: Canada / United States Tax & Accounting
Topic: US/Canada Returns
Replies: 17
Views: 6979

I don't think I can qualify for the PPT either because I moved back to Canada in July and this is less than 330 days in a foreign country. Am I missing something here ? I recall that you mentioned in several earlier posts that on the return year it is more advantageous to file a full year 1040 with ...