Hello! Thank you to all the experts here for any help. I can't figure out where to start to figure out the following:
I have a rental house in the states. I'm dual but live and work in Ontario. I have the highest marginal tax rate (47? 49?). The interest I pay on the LOC that paid for the house ...
Search found 13 matches
- Mon Feb 18, 2013 12:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: calculate effective interest rate on LOC for US rental
- Replies: 1
- Views: 1863
- Fri Sep 23, 2011 3:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: LOANS reportable on FBAR?
- Replies: 2
- Views: 3016
- Fri Sep 23, 2011 2:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: LOANS reportable on FBAR?
- Replies: 2
- Views: 3016
LOANS reportable on FBAR?
Thanks - I'm fairly new to canada, have always filed US tax returns and reported all income - never realized about FBAR despite looking at these boards for info and realizing I had to declare my ROTH to the CRA -
No doubt my anger keeps getting in the way as to why it is necessary beyond filing ...
No doubt my anger keeps getting in the way as to why it is necessary beyond filing ...
- Mon Feb 14, 2011 12:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian citizen/non Homestead property in US
- Replies: 3
- Views: 3171
- Mon Feb 14, 2011 11:12 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian citizen/non Homestead property in US
- Replies: 3
- Views: 3171
Canadian citizen/non Homestead property in US
If a Canadian citizen jointly owns a Non-Homestead property in the US as a married entity, and the property is not generating rental income or losses and is not sold during the tax year, does the Canadian citizen have to file a US return for any reason related solely to the joint ownership of the ...
- Sat Feb 12, 2011 7:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form to declare Roth
- Replies: 6
- Views: 6057
- Sat Feb 12, 2011 7:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form to declare Roth
- Replies: 6
- Views: 6057
Form to declare Roth
I read on here that Roth's have to be declared by end April this year in Canada. I can't find info on it now.
Wondering what form to use -
Many thanks
Wondering what form to use -
Many thanks
- Sat Jan 15, 2011 11:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: Rental income
- Replies: 3
- Views: 3090
- Fri Jan 14, 2011 4:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Rental income
- Replies: 3
- Views: 3090
Rental income
Hello! Here's us:
Me - US citizen, Canadian PR - marginal rate 49% (or whatever is highest)
DH - Canadian citizen - low marginal rate- 15-20%probably
We file separately in Canada. Obviously I file in US as well.
Considering purchasing second home in US. Should it be in husband's name only? That ...
Me - US citizen, Canadian PR - marginal rate 49% (or whatever is highest)
DH - Canadian citizen - low marginal rate- 15-20%probably
We file separately in Canada. Obviously I file in US as well.
Considering purchasing second home in US. Should it be in husband's name only? That ...
- Mon Nov 08, 2010 2:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RESPs and US taxes
- Replies: 39
- Views: 40357
- Mon Nov 08, 2010 1:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RESPs and US taxes
- Replies: 39
- Views: 40357
RESPs and US taxes
Please forgive me not researching further - little baby not giving me much time.
I and my two kids are US citizens - kids are dual and I will soon be dual. Hubby Can. for what it's worth
We moved here (back here for hubby) 2006 and have maxed out RRSPs and when kids arrived, RESPs (and TFSAs ...
I and my two kids are US citizens - kids are dual and I will soon be dual. Hubby Can. for what it's worth
We moved here (back here for hubby) 2006 and have maxed out RRSPs and when kids arrived, RESPs (and TFSAs ...
- Mon Nov 08, 2010 12:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: New CRA rules for Roth IRAs
- Replies: 9
- Views: 7230
- Mon Nov 08, 2010 11:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: New CRA rules for Roth IRAs
- Replies: 9
- Views: 7230