1+1/3+1/6 formula for SPT requires 123 days per year ito complete equivalent 183 days in US to be a tax resident.
Thanks
Search found 78 matches
- Sun Sep 27, 2015 1:13 am
- Forum: Canada / United States Tax & Accounting
- Topic: Living in 3 countries after retirement including US & Ca
- Replies: 5
- Views: 3110
- Sat Sep 26, 2015 9:35 am
- Forum: Canada / United States Tax & Accounting
- Topic: Living in 3 countries after retirement including US & Ca
- Replies: 5
- Views: 3110
Living in 3 countries after retirement including US & Ca
After retirement, I plan to live in 3 countries as follows. In own homes in each of these countries and passive incomes in each of the 3 countries. 1) Canada- 160 days 2) US- 125 days 3) India- 80 days I am eligible medicare due to more than 10 years of service. Currently, I work in US and pay tax o...
- Tue Sep 01, 2015 12:01 am
- Forum: Canada / United States Tax & Accounting
- Topic: Windfall Elimination Provision for Canada Pension Earning
- Replies: 5
- Views: 4393
Sorry I was not clear enough. I understand that once I complete 40 QC then WEP kicks in but it makes me eligible for medicare even if live in US for max 6 months Also by just completing 40 QC, I may lose 90%- 40%= 50 % of first bend point which is say $ 500 max from social security. My interest is t...
- Sun Aug 30, 2015 3:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Windfall Elimination Provision for Canada Pension Earning
- Replies: 5
- Views: 4393
Thank you. I am exploring the option of what happens if I complete 40 credits but do not take green card. Having completed over 40 QC would make social security and medicare available while I am in US for 6 months. I have own residence in Canada where I can stay for 3 months and would be willing to ...
- Thu Aug 27, 2015 9:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Windfall Elimination Provision for Canada Pension Earning
- Replies: 5
- Views: 4393
Windfall Elimination Provision for Canada Pension Earning
Does any of the two eligibility- Canadian employer pension or CPP affect SS payment?
If yes for Canadian employer pension only, does applying to Social Security using the SSA 2490-BK Application for Benefits under a US International Social Security Agreement- a way around?
If yes for Canadian employer pension only, does applying to Social Security using the SSA 2490-BK Application for Benefits under a US International Social Security Agreement- a way around?
- Sun Feb 15, 2015 6:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Interest income on Canadian saving bank
- Replies: 1
- Views: 1665
Interest income on Canadian saving bank
I had informed my Canadian bank of my US address. I expected bank to withhold 25% tax on interest income. However bank sent me interest statement without withholding tax. I file only rental property income tax return to CRA. I do not think, you can report any other income on it. How do I pay tax on ...
- Fri Dec 19, 2014 12:10 am
- Forum: Business & Personal Immigration to the United States
- Topic: H1B marrying Canadian - Commuting options from Canada to US
- Replies: 0
- Views: 5263
H1B marrying Canadian - Commuting options from Canada to US
H1B visa holder with no green card process started is marrying a Canadian citizen. Is it possible to continue to work in US border state and commute daily from Canada?
- Thu Jun 19, 2014 12:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: Significant of not returning to Canada within 5 years.
- Replies: 1
- Views: 1786
Significant of not returning to Canada within 5 years.
If at all somebody wants to return to Canada after becoming non resident, I have read on this web site forums that there is a benefit of not returning within 5 years. It has got to do something with CRA's 10 year rule. I have read it but not able to understand clearly understand its significance. Wo...
- Tue Dec 18, 2012 1:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN visa renewal in advance before 3 year end date
- Replies: 1
- Views: 1962
TN visa renewal in advance before 3 year end date
How many months in advance can I visit to border with employer letter to renew 3 year TN visa?
Is it same as 6 months in advance similar to renewal by mailing?
Thanks
Is it same as 6 months in advance similar to renewal by mailing?
Thanks
- Sun Sep 02, 2012 11:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: NR4 for Rental Property
- Replies: 5
- Views: 7388
- Sun Sep 02, 2012 11:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: NR4 for Rental Property
- Replies: 5
- Views: 7388
When I left Canada, I give below what I did for my rental property taxes. 1) Within 45 days of leaving Canada, I called CRA Non resident office to set up a non resident account for rental tax payment. This avoided late penalty. 2) I paid 25 % of gross rental income as tax. At the end of the year, CR...
- Sat Jun 30, 2012 11:13 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Does a real estate transaction require FBAR reporting?
- Replies: 3
- Views: 3872
- Thu May 19, 2011 11:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Must one get an ITIN for a dependent child?
- Replies: 14
- Views: 8657
Link for IRS approved notary in Canada for passport attest
Here is a link for IRS approved agents in Canada for ITIN related or passport copy notorizing while in Canada.
http://www.irs.gov/individuals/article/ ... 39,00.html
http://www.irs.gov/individuals/article/ ... 39,00.html
- Sun May 01, 2011 7:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CRA lost my return
- Replies: 5
- Views: 4097
- Wed Feb 02, 2011 10:12 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming deduction for 216 rental tax on 1040
- Replies: 1
- Views: 2236
Claiming deduction for 216 rental tax on 1040
I have net positive rental tax paid for 2010 on 216 return which I need to make a decision on for 1040. 1) I have read that I cannot take credit on 1116 for 216 rental tax on 1040. Is that correct? Can I take deduction similar to I do for US home property tax or mortgage interest even though my net ...