Serbinski Accounting Firms

Thank you!

I'll wait and see how the distributions look on my T3. But looking at my statements it looks like I'm in the clear (per-share dividend payouts were very similar in 2015 vs 2014).

When comparing the distributions for 2014 vs 2015, do I also have to consider the capital gains that are ...

My wife and I are US Green Card holders living in Canada. We file US taxes jointly.

I purchased shares of a Canadian ETF in 2014 in an unregistered brokerage account, and purchased more of the same fund in 2015 (I had no such holdings prior to 2014).

I was not aware of PFICs and Form 8621 until ...

I'm working in US on TN, and would like to move back to Canada in a few years. I'm 34, my wife's 29.

What type of retirement savings account(s) should we open, knowing we may be moving back north? Traditional IRA? Roth IRA? Unregistered? My company does not have a 401k plan right now.

Thanks again!

I also found this in the Glossary, which has a list of definitions for "Eligible
Educational Institution" depending on the context (there's a specific one for Scholarships and Fellowships). This also seems to imply that it doesn't have to be in the US.

"Scholarships and fellowships ...

Thank you very much for the quick reply, even though it wasn't the answer I was hoping for :)).

Looking over the link you posted, it seems that the amount that covered her tuition may be tax free. However it's unclear whether she'd be eligible since the institution is outside the US.

Chapter 1 ...

Hello,

I'm working in US on a TN visa, and my wife is with me on TD status. We moved here together in early 2010, and got married in July. Before the wedding my fiancee was here as a visitor. We both meet substantial presence test for 2010. She is a full-time PhD student at a Cdn university (and ...

Hello,

I'm working in US on a TN visa, and my fiancee is staying with me as a visitor until our wedding this summer in Canada, after which she'll apply for TD status. Before our move here together in January, we'd been living together continuously in Canada for 19 months (we've never filed taxes ...