Serbinski Accounting Firms

Thanks SM!!

Hi, I lived in the US for a few years and accumulated a US pension and 401k. I am a Canadian citizen and I moved back to Canada a few yezars ago. I will probably leave the pension and 401k in the US until I regire in 20 years or so. I was wondering if I need to file any forms with the IRS or the CRA...

I believe I am eligible now for SS since I have paid into the plan for 12 years (5 yrs in US and 7 years working from Canada). The US SS plan seems to be a little better than the CPP and I will get the Canadian OAS even if I stay in my current situation. You are partially correct on the fringe benef...

Thanks for the prompt response Nelsona. To answer you question regarding my status, yes, I do have legal work status in the US. I did work and live in the US for 5 yrs, then moved back to Canada and continued to work for the same company from home office. I am currently on a TN work visa. Also, the ...

Hi, I am a Canadian citizen and in the following work situation for the last 7 years: - live in Canada and work for a US company from my home office; I work for about 50 days in the US (I usually travel to the US for 1 week each month) - I am on the US payroll (I receive a W2, not a T4) and file US ...

Hello, I currently live in Canada and work for a US company, occasionally travelling to the US for work (I travel to the US about 6 times a year and stay for a week). I usually file a US 1040NR and a Canadian return.
The US W2 has “Wagesâ€￾ and “Social Security Wageâ€￾ amounts. On my Canadian return last year, and for the previous 5 years, I used the amount in the "Social Security Wage" box on my T1 line 104 (other employment income). I also used this amount on line 433 (Net foreign non-business income) of the Federal Foreign Tax Credits form (T2209).
However, I received a notice of reassessment from the CRA stating that the amount from “Wagesâ€￾ box should be the value in the foreign tax credit calculation, line 433 and the amount from the “Social Security Wagesâ€￾ Box should be used on T1, line 104 (other employment income). I am confused since, I thought these numbers would be the same. I used TurboTax to prepare my return and both of these fields are calculated and I cannot seem to make the modifications they are requesting. Is the CRA correct here?

Thanks.

Thanks for your prompt reply!

Hi, I live in Canada (Cdn Citizen) and work for a US company. I travel to the US for work about 3-4 days a month, otherwise I work from my home office in Canada. On line 104 - Other Employment Income of my Canadian return do I put in my total wages from my W-2 which includes my 401k contributions (t...

Thanks, I think I will get Serbinski to handle this one.

Not sure if this makes a difference, but my company deducts US federal, social security and medicare taxes.

Hi, great site. Here is my situation: - I am employed full time by a US company on a TN visa; I am a straight employee not a contractor - My current project which I have been on over the last 2 yrs enables me to work from home the majority of the time. I travel to the USA for 4 days a month to the s...