Serbinski Accounting Firms

Never mind. I see the question was already answered. :-)

Thanks for the clarification! Can I use one form 1116 to resource both (the US interest and US dividends—in excess of 15%)?

Hi everyone,

I am a U.S. citizen resident in Canada with a question about the "certain income re-sourced by treaty" category on Form 1116.

I have U.S.-source interest and U.S.-source dividends that are reported on both my U.S. and Canadian tax returns. To avoid double taxation, I intend to claim ...

Thank you, Nelsona!

I am a Canadian resident who commutes to a job in the U.S. (with a U.S.-based employer). As part of my compensation, I am mandatorily enrolled in a 401(a) plan (with both employer and employee contributions), and I have been reporting these amounts on RC268.

My employer also allows me to make ...

Thanks!

Hello,

I am a USC with a non-USC spouse (both of us reside in Canada). I created and have been contributing to a spousal RRSP. Do I have any US reporting requirements for this account (FATCA, FBAR)? Or is the account “owned” by my non-USC spouse?

I am required to file the simplified version of T1135 this year. I own some US ETFs through a US brokerage firm and I'm just wondering which category should I check off for the ETFs: "Shares of non-resident corporations (other than foreign affiliates)" or "Interests in non-resident trusts"? Anyone ...

Ok. Thank you for the advice.

Hello,

I understand that donations to US charities can only be used for a Canadian tax credit if they are less than 75% of a taxpayer's US-sourced income. In my case, almost 100% of my income is US-sourced and 100% of my spouse's income is Canada-sourced. Most of my donations are to US charities ...

Thanks!!!

Does anybody know if the CRA will consider a return as filed on time if it is postmark by a US post office on April 30? In other words, will a non-Canada Post postmark count?

Hello,

I am a Canadian resident working full time and commuting to a US State. On my W2 (reported in box 14), there is a deduction for state disability, unemployment, and family leave payments (these are NJ state deductions). Should these be included when I calculate my foreign tax credit on my ...

Yes, you took the view my having a spouse in Canada and my frequent trips back to Canada make my "Centre of Vital Interests" Canada.

After reading some of the prior threats, I'm feeling a little uneasy. I'm a resident of Canada by virtue of my factual ties and the tie-breaker rules. However, from ...

Let's say I work in NJ and commute to work from NY (and am considered a NY state resident for tax purposes). Let's say I am also considered a Canada/Alberta resident for tax purposes based on factual ties and the treaty tie-breaker rules. When I file my NY state taxes, I take a credit for taxes that ...