Search found 7 matches
- Mon Mar 21, 2011 1:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deferring Deemed Disposition when emigrating
- Replies: 2
- Views: 3200
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 elect...
- Tue Mar 08, 2011 11:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deferring Deemed Disposition when emigrating
- Replies: 2
- Views: 3200
Deferring Deemed Disposition when emigrating
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 pai...
- Thu Feb 10, 2011 1:27 pm
- Forum: Business & Personal Immigration to Canada
- Topic: Resident or Non resident declaration@ POE for TN visa holder
- Replies: 3
- Views: 10443
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 put ...
- Mon Feb 07, 2011 6:47 pm
- Forum: Business & Personal Immigration to Canada
- Topic: Resident or Non resident declaration@ POE for TN visa holder
- Replies: 3
- Views: 10443
Resident or Non resident declaration@ POE for TN visa holder
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...
- Sun Feb 06, 2011 11:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cdn living in US with TN visa but keeping ties to Canada
- Replies: 5
- Views: 4691
- Fri Feb 04, 2011 2:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cdn living in US with TN visa but keeping ties to Canada
- Replies: 5
- Views: 4691
- Thu Feb 03, 2011 8:34 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cdn living in US with TN visa but keeping ties to Canada
- Replies: 5
- Views: 4691
Cdn living in US with TN visa but keeping ties to Canada
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 ...