Search found 18 matches

by marvinsilva
Thu Nov 19, 2020 6:21 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian/US tax implications for receiving Canadian pension
Replies: 8
Views: 104

Re: Canadian/US tax implications for receiving Canadian pension

My wife and I are receiving CPP with direct deposit in Royal bank with zero withholding. I used CRA tool and our taxes are zero for pension income for non residents leaving in the USA.
by marvinsilva
Fri Nov 13, 2020 3:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of canadian property from non-resident
Replies: 8
Views: 162

Re: Sale of canadian property from non-resident

Nelsona, I have another question, if I did not report the change in use in 2009 (when took back possession after rental), what happened with the capital gain for that period that was not previously reported?. I already starting filling up the two forms T2062 and T2062a. I guess the T2062 cover the e...
by marvinsilva
Tue Nov 10, 2020 6:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of canadian property from non-resident
Replies: 8
Views: 162

Re: Sale of canadian property from non-resident

I thought CRA will require FMV for each time the house change status. I heard that I should have filed a deposition at every change. Is this supposed to be that complicated to apply for the certificate of compliance?. You sound like this is very simple to do.
by marvinsilva
Mon Nov 09, 2020 3:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of canadian property from non-resident
Replies: 8
Views: 162

Re: Sale of canadian property from non-resident

Thanks Nelsona for your answer. Do I need to have written FMV for the house everytime changed from residential to rental (2000), form rental to cottage (2009) and an appraisal for the current value (present)?
by marvinsilva
Thu Nov 05, 2020 5:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Sale of canadian property from non-resident
Replies: 8
Views: 162

Sale of canadian property from non-resident

My wife and I own a house in Canada since 1991. We moved to USA in 2000 and left the house rented. In 2009 we came back and live in the house. We moved again to the USA in 2010, but our son stayed in the house till now. We want to sell our house to our son. We want to apply for the Certificate of Co...
by marvinsilva
Wed Apr 25, 2018 2:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Dual citizens want to sell canadian house when son is living
Replies: 3
Views: 768

I forgot to mention that we live in the US.
by marvinsilva
Wed Apr 25, 2018 2:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Dual citizens want to sell canadian house when son is living
Replies: 3
Views: 768

Dual citizens want to sell canadian house when son is living

My wife and I are dual citizens. We want to sell a house in Canada when our son is living for the last 8 years. Previously we rented the house for 8 years and before that we lived in the house for about 9 years. Is our son living in the house considered our primary residence? he is not renting. We w...
by marvinsilva
Wed Apr 03, 2013 2:49 pm
Forum: Canada / United States Tax & Accounting
Topic: Claiming canadian loan interest in US
Replies: 17
Views: 4386

The home equity loan is secured from my second property in Canada.
by marvinsilva
Wed Apr 03, 2013 2:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Claiming canadian loan interest in US
Replies: 17
Views: 4386

Thanks Nelsona. What document do I need from the canadian bank to show the interest I paid last year? I have my monthly statements, but I dont know if that is an official document. The canadian bank does not issue a form 1098. How can claim that interest deduction in my US income tax?
by marvinsilva
Wed Apr 03, 2013 11:03 am
Forum: Canada / United States Tax & Accounting
Topic: Claiming canadian loan interest in US
Replies: 17
Views: 4386

Claiming canadian loan interest in US

I bought a house in the US using an home equity loan from Canada. I would like to know how I can claim in my US tax the interest rate I paid last year. I live in the US in that house. How can I prove that I paid the intetest if I dont have any special receipt from the canadian bank? I appreaciate al...
by marvinsilva
Wed Mar 04, 2009 6:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Resident or non-resident of Canada?
Replies: 1
Views: 1403

Resident or non-resident of Canada?

I am a canadian citizen US GC holder who started a job in Canada. My main residence is still US (wife and kids lives in US, have a mortgage). Doing this to keep US GC and later apply for US citizenship. My question is about my status in Canada for tax porposes. Should I say that I am a non-resident?
by marvinsilva
Wed Feb 04, 2009 10:10 am
Forum: Business & Personal Immigration to the United States
Topic: GC to US Citizenship
Replies: 12
Views: 8664

I talked to the immigration lawyer who did my GC. He said that my main residence will be US because my family will still live here. I already have the 30 months of physical presence and I will meet the continuous presence because I will not be abroad longer than six months (I will be coming once a m...
by marvinsilva
Mon Feb 02, 2009 5:47 pm
Forum: Business & Personal Immigration to the United States
Topic: GC to US Citizenship
Replies: 12
Views: 8664

I understand that in the five year period you need to have 2.5 years of physical presence in the US and maintain US as your principal residence (5 years). So, I understand that I if do not stay longer than 6 months out of the US, I will be fine. Nelsona, is it that your understanding?
by marvinsilva
Mon Feb 02, 2009 4:25 pm
Forum: Business & Personal Immigration to the United States
Topic: GC to US Citizenship
Replies: 12
Views: 8664

I have a similar situation. I have a green card and one more year to apply for citizenship. I have a job offer in Edmonton, but my wife and kids will stay in US to keep my main residence in the US. I will be flying every 3 to 4 weeks. I heard that if I say that this is a temporary position I will no...