Serbinski Accounting Firms

Can u contribute to RRSP after your departure date? What kind of tax reporting do I have to do for US and Canada in this case? Departure date - May 06 Contribution - Feb 07 Instead of trying to cash out stocks or getting the certificates and depositing in US trade accounts, will it be easier to tran...

Thxs for clarification. i thought that have to report capital gain when I file departure return and then when i actually sell the stock in US, I pay capital gain Number of share - 1 Bought 2000 - 10 Departure - may 2006 - Price - 14 Actual sell date while in US - 20 So I though I have to pay captial...

Thanks for Clarification .. Also will remember CA tip. I am in Florida so I need to find out what's the situation here.

Well ... If I understand this, then train has already left the station for me i.e. My departure date is May 06. But I didn't sell my stocks - I would have done that if I had knew that I will be paying taxes in CA and US after departure date as I'm will only US resident after departure date. I'm sure...

[For CA non-residents but for US resident situation] Does this mean that any income [generated by dividends/sell/buy] is a capital gain even though it's in your RRSP account? I thought that the whole point of leaving money in RRSP is to ensure that they don't get taxed - even for the growth - doesn'...

Sorry for the long post as I'm trying to digest all this information: 1) US Return - I thought that i don't have to file TDF 90.22.1 & 8891 for 03/04 as I was on TN and H-1 status resp. I only have to declare world income to US if I become a resident - which is Jan 05 when I got my GC [For TN it...

Thx for the reply. I failed to mention above that I was sharing apartment till May 2006. Also I still have two Canadian cars which are in process of being imported to US. I used to work in michigan before, so every weekend, I will drive back to Toronto. In May 2006, I moved my stuff out as I changed...

I have a complicated change in statuses for last 4 years. I am confused with latest developments. But here's a brief history TN Visa - Mar 2003 - Started working in US - Filed US and CA taxes as dual resident H1 Visa - 2004 - Filed US taxes for us income. Filed CA taxes with foreign income GC in Jan...