Serbinski Accounting Firms

Thanks Nelsona ! it is very helpful.

is applying for an OHIP card considered as establishing Canadian tax residency?

I am a Canadian working in the U.S. on a TN visa and plan to return to Canada for retirement in the near future. I have a question about the timing of selling my primary residence in the U.S. Do I need to sell it before moving back to Canada to avoid paying taxes in Canada on the gains? Thank you so...

I am Canadian, currently working in the US under a TN visa, and have claimed non-resident status in Canada. I’m planning to buy a condo in Toronto for retirement in the near future. I have the following questions: Am I able to buy a condo while still working in the US? If so, will I be required to p...

I am Canadian, currently working in the US under a TN visa, and have claimed non-resident status in Canada. I’m planning to buy a condo in Toronto for retirement in the near future. I have the following questions: Am I able to buy a condo while still working in the US? If so, will I be required to p...

henryu88 wrote: > frank wrote: > > Thanks for the information, it is very helpful. > > > > do you know any Canadian broker can accept stock and ETF account transfer > > from my US broker? I prefer to keeping the account in US$ after transfer, > > is this allowed to keep in US$? > > > > also I check ...

nelsona wrote: > Well, for one thing, your cost basis for Cdn purposes is reset when you > arrive in canada, do you want to end up paying CDn tax on an investemnt > which over all lost money? > Second, if indeed your losses are more than $3000, you can harvest some > gains (say, from the ETFs you ca...

nelsona wrote: > I see no reason why US stocks would not be transferable, since they can > normally be brought by ant Cdn, and kept in US denomination; check with any > Cdn broker about the specific ETFs you are holding about transferring. The > Cdn broker will be the one initiating and pushing for ...

Thanks for the information, it is very helpful. do you know any Canadian broker can accept stock and ETF account transfer from my US broker? I prefer to keeping the account in US$ after transfer, is this allowed to keep in US$? also I check with my US broker which allows me to keep my 401(k) and HSA...

Thank you so much for your response nelsona!! I have another question regarding capital gain. for example, I bought a stock cost $10/share, When I do transfer to Cdn Broker, it is $15/share and I sell it $20/Share in future in Canada. Which is considered the capital gain when filing Canada tax ? is ...

Thank you so much nelsona! if I need to transfer Stock and EFTs from my brokerage account to a Cdn broker, is the Cdn broker must be in Canada? if I have some gain on some stock and EFTs, does my current broker allow me to transfer the stock and EFT to a broker in Canada without selling them? if it ...

I am a Canadian and I have worked in US since 2007 on TN. I plan to move back to Canada for retirement in 1~2 years. I have 401 (k), HSA and stock broker accounts. what I need to do with my 401(k) and HSA account before I leave US? Thank you very much for your help!!

Hi we filed departure return last year (2008 canadian return). we don't want to file canadian return for 2009. But my wife has 2 bank accounts in canadian bank. One canadian $ account, another US $ account. she got some interests from both account. the bank only withheld some interest from her US $ ...

sorry, I mean my canadian house.

I sold my house on 11/27/2008 and had some gain. Do I need to report the gain on our jointly US 2008 tax return? Because my wife and I file joint return for 2008, even though she ie nonresidence for 2008.
many thanks.

Sorry, there is an error in last message. should be "we need to make statement and sign that we agree NOT to claim any treat benefit." if we select to file jointly