Search found 10 matches
- Mon Mar 14, 2016 11:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: Withholding of Cdn Mutual fund Capital Gain Distributions
- Replies: 3
- Views: 3262
- Sun Mar 13, 2016 8:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Withholding of Cdn Mutual fund Capital Gain Distributions
- Replies: 3
- Views: 3262
Withholding of Cdn Mutual fund Capital Gain Distributions
I am US resident still holding mutual funds in a Canadian brokerage account, and I'm a non-resident in Canada for tax purposes. The brokerage has been withholding 15% on the monthly dividends (as they should). However, at the end of the year, the funds distribute a "Capital gains distribution&q...
- Mon Feb 08, 2016 12:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non-resident tax not being withheld on Canadian Mutual funds
- Replies: 4
- Views: 2540
Thanks, Nelson! One quick follow-up question: I am going through previous years' statements, and I think previous years are off too. If I remit tax to the CRA now for 2013 (for example), can/how do I get a credit for my US taxes, which I already paid to the IRS? (Since I just go by the tax forms the...
- Fri Feb 05, 2016 3:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non-resident tax not being withheld on Canadian Mutual funds
- Replies: 4
- Views: 2540
Non-resident tax not being withheld on Canadian Mutual funds
I am a U.S. resident, with a Canadian investment account holding some Canadian mutual funds. The broker knows I'm a U.S. resident. I had expected that the broker would withhold 15% of the mutual fund dividends. However, they didn't; they said that because these are Canadian mutual funds, and technic...
- Sat Nov 04, 2006 9:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Capital gain on Cdn-dollar settled US trades
- Replies: 4
- Views: 4146
- Sat Nov 04, 2006 2:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Capital gain on Cdn-dollar settled US trades
- Replies: 4
- Views: 4146
Capital gain on Cdn-dollar settled US trades
I am holding some US equities in a Canadian investment account. When I bought them several years ago, the trades were settled in Cdn dollars. Now, I am considering selling them. One of the stocks I own has appreciated in US dollar amount, but since the Cdn dollar has also appreciated significantly o...
- Sun Apr 17, 2005 9:08 am
- Forum: Canada / United States Tax & Accounting
- Topic: Nonresident or dual-status?
- Replies: 1
- Views: 3864
Nonresident or dual-status?
In 2004, I was in F-1 for 9 months, and then switched to TN for the remaining 3 months. Under the rules, I excluded days spent in F-1 for the substantial presence test, and so I thought I was a nonresident alien. But now I read about dual-status, and so I am confused. Was I really nonresident for th...
- Sat Apr 16, 2005 10:13 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Itemized deductions
- Replies: 1
- Views: 3882
Itemized deductions
Pardon the apparent stupidity of this question, but I have been reading opposite things in different places. When deducting your state/local taxes in the itemized deductions, are the taxes for the current tax year or for the past year. e.g. when filing this year, should I include the state taxes wit...
- Sat Apr 16, 2005 2:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non-resident income
- Replies: 0
- Views: 15445
Non-resident income
I was a US non-resident last year, so I filed 1040NR, and I did not have to report my interest income from US/Canada. But does anyone know the rules for California state return? I reported my US interest income but I am now wondering if I need to report my Canadian interest income too. Thanks!
- Sun Mar 27, 2005 11:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Income on 1040NR
- Replies: 1
- Views: 4688
Income on 1040NR
I just filed an 1040A, but I am wondering if I should really file a 1040NR. - Jan - Sep 2004: I was in F-1 status, thus an "exempt" individual - Oct - Dec 2004: I changed status to TN Before 2004, I was in the US in F-1 for 1 year only. I am now thinking that I can file a 1040NR. If so, do...