Serbinski Accounting Firms

Since cash security has to be posted for emigrant deferred disposition tax amounts, I plan to simply sell all CDN brokerage stock assets into cash and not defer the disposition on emigration. If I have a TD bank account on both sides of the border (TD Canada Trust and TD Bank US), can I simply ...

Hi, when electing to defer the deemed disposition, how is the tax owing calculated and paid when actually sold? More specifically, suppose final tax year owing is $52000 but $32000 is related to the deemed dispostion (capital gain $200,000x50% @ 32% bracket for the departing year). Actual amount ...

Thank you.

Entering Canada -That means when I enter Canada for a weekend, I would declare my US home address and fill in Part B for visitor exemption amounts.

Returning to US - I called US immigration and they said that I am still considered a visitor to the US (TN is a visitor visa). What do I ...

To qualify for a TN visa to work in the US for 2-3 years, it must be temporary with the intent to return to Canada. Therefore, to the US-INS I am a visitor and must remain a visitor. Once TN is obtained, the substantial presence test would then make me a Resident Alien in the eyes of the IRS and non ...

Thanks again. I've accumulated about $350,000 in capital gains over the years. Adding this deemed disposition all in the departure year would result in the highest tax bracket. Is there a way to spread it out? Originally I was going to keep capital gains unrealized until lower income years.

Thank you for your reply. If this used to be correct, then can I submit it that way and let CRA determine whether this is acceptable in my case? Especially since I have registered businesses and family present in Canada, they may feel that my ties are strong enough not to "kick me out"? Is there a ...

I will be working full time in the US with a TN visa starting in March for 2 years. I have other businesses in Canada and they will be minimally active for those 2 years. I also have investment accounts as well as RRSPs and I have a house in Canada. I will be considered US resident for tax purposes ...