Serbinski Accounting Firms

If I was treating myself, for tax purposes, as a U.S. resident for the entire year, then would this mean that the "book" value would be that as of Jan 1st or the date I entered the U.S. AND are there any links to which you could direct me that re-iterate this topic (or is it a well-kept se...

For the sake of argument, let's say the book value of my RRSP was $5000 when I moved in to the U.S. (in 2007) and I withdrew $500 prior to year-end.
Line 7a - $500
Line 7b - 0 (because the withdrawal is tax-free?)
Line 8 - $4500
And any future withdrawals up to the $5000 are tax free.

Or am I wrong

When you are saying the author of this post is NOT a non-resident for 2007, then the following info on the CRA website applies only to years following the departing year?? [quote][b]After you leave Canada After you leave Canada, you're a non-resident for tax purposes provided you have severed reside...

[quote="one_day_at_a_time"]Can you tell me on what form and/or line would Iinclude this paid tax (for the sake of argument if the US '08 return does not differ from the US '07 return)
Thanks[/quote]

I found my answer.

Can you tell me on what form and/or line would Iinclude this paid tax (for the sake of argument if the US '08 return does not differ from the US '07 return)
Thanks

As an emigrant (to the US) in 2007, I have included the unpaid HBP amount in my income for the year on my Cdn Tax Return. The result is tax owing, which, of course, I will pay when I submit my return. And in effect, then I can take a foreign tax deduction against my 2008 US tax return?

By Form 2555, I excluded my 2007 earned income AND by Form 1116 I took a credit for taxes paid out on my RRSP withdrawal and Unemployment compensation. If, on filing my Canadian taxes, I still end up owing, can I also claim that as a credit on my U.S. taxes and, if so, where would this be reflected.

I put in my Ontario address and then my departure date, however, when I look at the summary page, I don't see any Ontario Tax calcuated on line 428, however, I do see that the Federal Tax calculated on line 406 is higher than when I did it "by hand". Does U-File incorporate the two? PS - I...

Since I received mis-information from the IRS, I had submitted the form and designated myself an Annuitant (I did make an election to defer). I suppose now I will wait until the assessment is returned and see the result. Do you suggest that I make an amendment to the tax year in question or just cha...

I'm looking for some clarification on the definition of these two status options. What I'm getting from the IRS is just about as clear as mud to me.
Thanks