Search found 13 matches

by tsuchiya
Tue Apr 26, 2022 1:19 am
Forum: Canada / United States Tax & Accounting
Topic: Foreign tax credit for Social Security Tax Withheld and Medicare Tax Withheld
Replies: 1
Views: 1305

Foreign tax credit for Social Security Tax Withheld and Medicare Tax Withheld

Can we claim foreign tax credit on CRA tax returns for "Social Security Tax Withheld" and "Medicare Tax Withheld" reported on a W2?

Thanks.
by tsuchiya
Mon Apr 12, 2021 2:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Can CA VPDI be claimed as foreign tax credit on CRA tax return?
Replies: 1
Views: 1411

Can CA VPDI be claimed as foreign tax credit on CRA tax return?

Can we claim foreign tax credit on CRA tax returns for CA VPDI reported on a W2? In my understanding, CA VPDI or SDI was deducted from my payroll in form of CA tax. Any comment is appreciated.
by tsuchiya
Sat Jan 09, 2016 1:52 am
Forum: Canada / United States Tax & Accounting
Topic: Life Insurance with Cash Value
Replies: 9
Views: 8142

So in this situation, what is the tax implication in Canada that I am a "deemed non-resident"?

Can you please elaborate more about simply filing a return for the year I left Canada with a departure date when I first left Canada to live in US? Does it mean I just need to file a return in CRA with ...
by tsuchiya
Wed Dec 09, 2015 5:40 am
Forum: Canada / United States Tax & Accounting
Topic: Life Insurance with Cash Value
Replies: 9
Views: 8142

Hi Nelsona, thanks for the info. If that is the case, what should I do to show CRA that I am out of Canada for the whole years and not come back regularly and hence, deemed non-resident? What form(s) should I file to CRA to deem as non-resident? Please advise.

"You determine your own residency. By ...
by tsuchiya
Tue Apr 07, 2015 7:55 pm
Forum: Canada / United States Tax & Accounting
Topic: Life Insurance with Cash Value
Replies: 9
Views: 8142

Hi Nelsona, thanks for the reply.

Back to my original questions, for the Canadian insurance policy contract, can you please tell me which form(s) I should use to report (Form 8938 or 3520)? What sort of the info (growth, interests, etc. ?) from the policy that I may need to report? Are there ...
by tsuchiya
Tue Apr 07, 2015 4:08 am
Forum: Canada / United States Tax & Accounting
Topic: Life Insurance with Cash Value
Replies: 9
Views: 8142

I am a Canadian and also have a Canadian life insurance policy for many years (whole(?) life with guarantee 10 years paid up sort of thing) before I moved to US and I didn't know that we need to report to US until just now. I am still a deemed Canadian resident for tax purpose (CRA).

Can you ...
by tsuchiya
Sun Dec 19, 2010 5:59 pm
Forum: Canada / United States Tax & Accounting
Topic: NRA Spouse and NRA Child
Replies: 7
Views: 5830

Hi Nelsona,

I am a little confused now.

1. Although I am still paying tax to CRA every year (which I suppose I am still considered as resident of Canada), I am US resident as I work and live in US for few years already. SO, how can I file 1040NR (which is for Nonresident alien)? Last time I filed ...
by tsuchiya
Sat Dec 18, 2010 11:56 am
Forum: Canada / United States Tax & Accounting
Topic: NRA Spouse and NRA Child
Replies: 7
Views: 5830

Nelsona, thanks for your response.

I am a Canadian citizen and have never claimed as non-residency since I started working in US. I report my income to CRA every year. My spouse and child are Canadian citizens.

As for filing US tax return, I suppose I need to file MFS. You mentioned 1040NR. Is ...
by tsuchiya
Sat Dec 18, 2010 7:00 am
Forum: Canada / United States Tax & Accounting
Topic: NRA Spouse and NRA Child
Replies: 7
Views: 5830

NRA Spouse and NRA Child

I am holding TN-1 working in US. I have a NRA spouse and a NRA child (currently live in Canada). Most of my wages go to my spouse and my child. So my question is:

- Can I claim my spouse's exemption?
- Can my child qualify as a dependent?

Thanks.
by tsuchiya
Tue Apr 13, 2010 4:32 pm
Forum: Canada / United States Tax & Accounting
Topic: Didn't file TD F90 22-1 for previous years
Replies: 0
Views: 3529

Didn't file TD F90 22-1 for previous years

I just came to realize that I have to file TD F90 22-1 on my foreign accounts that are more than $10k in total value. I will file it for 2009.

But if I didn't file it for any previous years, do I have to file amended TD F90 22-1 forms for previous years? Do I have to include a cover letter to ...
by tsuchiya
Mon Apr 12, 2010 2:32 pm
Forum: Canada / United States Tax & Accounting
Topic: Nonresident alien spuose without ITIN/SSN
Replies: 2
Views: 2671

Nelena, thanks for the reply.

As for your reply, "when you file your MFS or MFJ, simply attach request for ITIN. " Did you mean attaching a W-7 form?

If I file MFS, and my NRA wife has NON-US source income, can I still claim exemption for her?

If I file MFS and I am NOT going to claim exemption ...
by tsuchiya
Sat Apr 10, 2010 5:46 am
Forum: Canada / United States Tax & Accounting
Topic: Nonresident alien spuose without ITIN/SSN
Replies: 2
Views: 2671

Nonresident alien spuose without ITIN/SSN

I am a US resident. I am married and my spouse is a nonresident alien (a Canadian citizen) who doesn't have a ITIN or SSN to file MFS or MFJ. Is it a problem if I just file as single? If it's, then how to file as MFS without spouse's ITIN? Obviously, it's too late to apply for a ITIN by April 15 ...
by tsuchiya
Sun Apr 04, 2010 9:13 am
Forum: Canada / United States Tax & Accounting
Topic: T3 slip IRS/CRA
Replies: 0
Views: 4644

T3 slip IRS/CRA

I am a US resident in 2009 but I also need to file my income to CRA as my wife is working in Canada in 2009. I received a T3 slip showing capital gain (box 21) and other income (box 26). If I understand correctly, the income shown in this slip taxable in US. So, my question is if I pay tax to IRS ...