Search found 38 matches
- Sun Apr 30, 2017 5:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign property insurance policy included in T1135?
- Replies: 1
- Views: 1924
Foreign property insurance policy included in T1135?
Does homeowner's insurance have to be included in Sec 6 of T1135? Nearly any discussion about insurance and T 1135 is in regards to life insurance policies. If so, does anyone know how to determine the cost of this policy?
- Sun Apr 30, 2017 2:34 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form T1135 and insurance policies
- Replies: 11
- Views: 6647
- Wed Apr 26, 2017 9:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Filing for year returning to Canada
- Replies: 11
- Views: 4144
- Wed Apr 26, 2017 4:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Filing for year returning to Canada
- Replies: 11
- Views: 4144
- Wed Apr 26, 2017 4:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Filing for year returning to Canada
- Replies: 11
- Views: 4144
Thanks for the insights nelsona. Because I filed for a full 1040 in the US during my departure year, I indicated full year income on a US rental property. I had an IRS tax refund in total (although it was reduced due to the net income generated on US rental...so I was fully taxed on this property). ...
- Wed Apr 26, 2017 4:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Specific reporting costs in T1135
- Replies: 10
- Views: 5322
- Wed Apr 26, 2017 12:03 am
- Forum: Canada / United States Tax & Accounting
- Topic: 8840 / 8833 Forms
- Replies: 4
- Views: 2504
- Tue Apr 25, 2017 10:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Specific reporting costs in T1135
- Replies: 10
- Views: 5322
- Sun Apr 23, 2017 1:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Specific reporting costs in T1135
- Replies: 10
- Views: 5322
Specific reporting costs in T1135
1) For foreign assets such as real estate, how are you guys interpreting "Maximum cost amt in 2016"? Should it always be the cost of acquisition? Should it be adjusted every year for CCA? Should FX be taken into account throughout the year to reflect maximum cost in CAD? 2) For shares of n...
- Thu Apr 20, 2017 12:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Filing for year returning to Canada
- Replies: 11
- Views: 4144
- Wed Apr 19, 2017 7:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Filing for year returning to Canada
- Replies: 11
- Views: 4144
Filing for year returning to Canada
Canadian returned to Canada from US after 5 years on TN in July, electing to file full year 1040 (no need for 2555 as no Canadian wages earned after July). Do I still file for Cdn taxes starting in July?
- Wed Apr 19, 2017 9:11 am
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on claiming US rental income for Canadian
- Replies: 3
- Views: 2229
- Tue Apr 18, 2017 12:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: Questions on claiming US rental income for Canadian
- Replies: 3
- Views: 2229
Questions on claiming US rental income for Canadian
Hi there, I own US rental property which I bought when I was working in the US under a TN in 2013. This will be my first time filing for full years in Canada and US as Canadian tax resident. My plan is as follows: 1) File 1040NR, and claim US-Canada Treaty Clause XXIV in Schedule OI. Question: Is th...
- Sat Jan 02, 2016 4:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cdn business investment losses as US resident
- Replies: 0
- Views: 2342
Cdn business investment losses as US resident
Hi there, if I am US tax resident, and bought shares in a Canadian private corporation, and lost the entire investment, am I able to claim this against US taxable income? Also, if I was a partner in a general business partnership (Ontario) as a US tax resident, can I offset operating losses against ...
- Tue Jun 30, 2015 1:04 am
- Forum: Canada / United States Tax & Accounting
- Topic: Returning to Canada - impact on investments and real estate?
- Replies: 7
- Views: 4487