Search found 3 matches
- Fri Feb 19, 2010 4:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: ABIL vs. Capital
- Replies: 0
- Views: 3796
ABIL vs. Capital
I gather that an ABIL essentially covers investments in small business, whereas a capital gain is tied to larger businesses, arms-length securities and traded securities. My question is: is there no circumstance where investment into a small business (that goes bad) is a capital loss, aside from not...
- Fri Feb 19, 2010 10:38 am
- Forum: Canada / United States Tax & Accounting
- Topic: changing residency and capital loss carry forwards
- Replies: 1
- Views: 1983
changing residency and capital loss carry forwards
Does anyone know - if a capital loss is taken in Canada before changing tax residency to US, do you keep the loss when you cross over? Can you apply it in the US? Does it survive returning back to Canada after a stint as a US tax resident? Does it matter if it's ABIL vs. capital losses? Thanks every...
- Wed Feb 17, 2010 2:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: calculating RRSP contribution limit
- Replies: 1
- Views: 2016
calculating RRSP contribution limit
US green card holder, Canadian tax resident for 2009 and 2010, US prior to that, filing in both US and Canada going forward indefinitely. Is the 2009 RRSP contribution limit based only on income reported on a Canadian tax return for 2008 (or unused carryforwards from prior years based also on Canadi...