Serbinski Accounting Firms

1) Regarding RRSP. I'm clear on the RRSP thanks to your earlier posts about RRSP. I was just not sure that "new" BOOK value created on Nov 2007 by reshufling RRSP to new funds, would be recognized since I moved in to U.S. in Aug 2007. How come they are allowing for this gap - is it only be...

Wow, this opens can of worms. What if my CAD amount used to buy US in 2008 has origins spaning back last 10 years ? For example accumulated savings invested each month from my monthly sallary ? Whould I use than average exchange rate for last 10 years ? It sounds much simpler if BOOK VALUE can be de...

Thanks for the reply. 1) CAD2 USD You're confusing me a bit when you say "you need to know the cost (in USD) at which you bought these Cdn dollars". These inital CAD were never bought, they are native CAD :) I guess it realy does not matter, or it does ? If it doesn't how do I get to their...

Moved to US Aug 2007, filed 1040NR & 540NR for 2007. Have USD & CAD NR accounts in Canadian bank. After move, did small CAD2USD during settle-in period(2007) and major one in 2008; and USD2CAD recently :( I've got puzzled how to do taxes on gain/loss on all of this mess I made. Reading throu...

Hi Nelsona, Yep, on 1040NR checked box 3) Married resident of Canada and claimed exmption box 7A) for myself and box 7B) for wife ! Compared to 1040 1040NR does not have input field for spouse name, and that's where the trick is - I guess. Probably I should have put her as dependant :) 1040x seems l...

Sorry About W9 mistake ! Off-course W7 is in question

Hi All. My wife's W9 (ITIN app) got rejected due to not including her name on 1040NR. How do I go about re-submitting her W9 and modify 1040NR to inlcude her ? a) at first place, there is no place for spouse name on 1040NR. Guessing - goes under dependants ? b) should I be able to file 0 dollar 1040...

Nelsona, thanks for the reply ! 1040: Just for the info: mu US income is 67.3K (FT:13.7K) and Canadian 60K/20K (should be close to this). I did not expect I could claim morgage interest and property tax for canadian house, maybe this will offset results signifcantly. I've read somwhere on the forum ...

Hi all, We moved to states (wife & kids) in Aug 2007, and have a choice of filing as US residents/nonresidents. I've run numbers and suprisingly getting best results with 1040NR. a) am I doing 1040NR right ? I claimed full exemptions for wife and kids ( cannot find anywhere that it should be pro...

RE: You shouldn't be keeping several 100,000 in a bank anyways.

What do you recommend ?

Goran

I've read the post where you've said that if money is kept in CAD in Canadina bank account and at later time exchanged to U$, or used to buy anything ( more than 200 ), there is tax obligation on currency gain !

Did I get something wrong, or this is only aplicable to FOREX trading accounts ?

Thanks for the reply ! Yeah, I know ! I filed NR73 earlier while in Canada to get a fill how they would look at me if I kept and rented the house. Well, at the time they told me they don't have all the facts they need :) I did not submtit T2062 since it looked to me that I don't have to, and nobody ...

Hi All, First of all, thank you very much for keeping this forum alive ! We left Canada on Aug 18, signed house sale papers before leaving, but sale closed on AUG 31. None of the lawyers mentioned need for T2062, but after learning there are fines of up to CAD2,500 I got worried ? I submited NR73 ju...