Search found 94 matches
- Wed Mar 17, 2010 8:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: US credit for Canadian tax on US dividends
- Replies: 7
- Views: 4994
- Wed Mar 17, 2010 7:17 am
- Forum: Canada / United States Tax & Accounting
- Topic: US credit for Canadian tax on US dividends
- Replies: 7
- Views: 4994
- Tue Mar 16, 2010 10:26 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US credit for Canadian tax on US dividends
- Replies: 7
- Views: 4994
It appears that readtheform was a USC and resident of Canada when these US dividends occurred. So US gets first dibs on the taxes. I think he/she needs to collect the FTC on their Cdn return (up to the 15% treaty rate) and then anything above that by re-sourcing on his US return. For reference, that...
- Tue Feb 23, 2010 10:28 am
- Forum: Canada / United States Tax & Accounting
- Topic: Sale of stock in US - living in Canada
- Replies: 15
- Views: 10926
- Thu Feb 18, 2010 11:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Earned income exclusion/tax credit for dual citizen in CAD
- Replies: 6
- Views: 4590
- Thu Feb 18, 2010 1:20 am
- Forum: Canada / United States Tax & Accounting
- Topic: Earned income exclusion/tax credit for dual citizen in CAD
- Replies: 6
- Views: 4590
- Wed Feb 10, 2010 9:51 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian mutual funds in RRSP when returning to the US
- Replies: 3
- Views: 3034
You should also be aware that some mutual funds will refuse to sell to you (even in an RRSP) if you are a non-resident. So you should buy whatever fund you want in your RRSP before you leave. Just understand that if you decide to sell and buy a different mutual fund, that might be a problem (call th...
- Tue Feb 09, 2010 8:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wash Sales in US/Canada
- Replies: 24
- Views: 15797
- Tue Feb 09, 2010 2:07 am
- Forum: Canada / United States Tax & Accounting
- Topic: Wash Sales in US/Canada
- Replies: 24
- Views: 15797
- Tue Feb 09, 2010 1:37 am
- Forum: Canada / United States Tax & Accounting
- Topic: TurboTax - which version?
- Replies: 2
- Views: 2741
- Fri Feb 05, 2010 10:29 am
- Forum: Canada / United States Tax & Accounting
- Topic: Wash Sales in US/Canada
- Replies: 24
- Views: 15797
- Thu Feb 04, 2010 11:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wash Sales in US/Canada
- Replies: 24
- Views: 15797
- Thu Feb 04, 2010 2:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wash Sales in US/Canada
- Replies: 24
- Views: 15797
Hi Nelsona, To be clear, this investment was a US stock. As a Canadian resident, I understand the CRA treats this as Cdn sourced. But as a USC that has a gain/loss on a US stock, I thought the IRS considered it US-sourced? ...and that was why re-sourcing was necessary in order to get credit for the ...
- Thu Feb 04, 2010 2:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wash Sales in US/Canada
- Replies: 24
- Views: 15797
Hi Nelsona, To be clear, this investment was a US stock. As a Canadian resident, I understand the CRA treats this as Cdn sourced. But as a USC that has a gain/loss on a US stock, I thought the IRS considered it US-sourced? ...and that was why re-sourcing was necessary in order to get credit for the ...
- Thu Feb 04, 2010 1:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wash Sales in US/Canada
- Replies: 24
- Views: 15797