Search found 3 matches

by moler
Sun Mar 14, 2010 3:30 pm
Forum: Canada / United States Tax & Accounting
Topic: RESP / form 3520?
Replies: 1
Views: 2087

RESP / form 3520?

I am Canadian living in USA since 2008. I am resident of USA for tax purpose. In 2009 I didn't invest any money in this plan and have sold it, with loss, during the same year. My questions: Do I report this income on the form 3520 only? Is this taxable in USA as I already paid tax on this in Canada ...
by moler
Thu Feb 18, 2010 8:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Should we file tax in Canada?
Replies: 3
Views: 2582

Yes we filed Canadian 2008 tax return last year and reported RRSP and RESP in USA after we moved. We were taxed 25% flat rate for non-resident. I didn't know we could deduct this on our USA return. Is there some document that describes this? Thanks again!
by moler
Thu Feb 18, 2010 1:36 am
Forum: Canada / United States Tax & Accounting
Topic: Should we file tax in Canada?
Replies: 3
Views: 2582

Should we file tax in Canada?

My family moved in USA in 2008 and last year we filed tax in USA and Canada. We don't have ties with Canada anymore, except one bank account we used to transfer money to USA. We liquidated all our RRSPs and an RESP to finance purchasing home in USA and tax (for non-residents, 30% or so) was withheld...