Search found 6 matches

by georgeyn
Sat Feb 02, 2013 2:30 am
Forum: Canada / United States Tax & Accounting
Topic: us citizen trying to start a corporation in Canada
Replies: 2
Views: 2664

us citizen trying to start a corporation in Canada

Thank you so much JG. I have another question, the benefit of the incorporation is deferral tax in Canada. For instance, if I make 200k each year, and I take out 100k as salary, pay lower tax, and keep the other 100k in the corporation for investment. But I heard that US doesn't allow the CFC to do ...
by georgeyn
Fri Jan 25, 2013 11:11 pm
Forum: Canada / United States Tax & Accounting
Topic: us citizen trying to start a corporation in Canada
Replies: 2
Views: 2664

us citizen trying to start a corporation in Canada

Hello JGCA, I'm a us citizen trying to start a professional corporation in Canada, mainly want to lower tax rate (from 39% to ~28%) and defer tax. Do I still have to pay corporation tax to the US gov.? and how much would be? Is it true I will pay the amount I saved in Canada to the US gov.? Many tha...
by georgeyn
Sat Apr 09, 2011 8:48 am
Forum: Canada / United States Tax & Accounting
Topic: Nelsona, need your help
Replies: 4
Views: 3609

Thanks so much nelsona, actually, I spent 4 months in Canada in 2010, so I should use 1116 only or use both 1116 and 2555 ?

Another question is extension: should I use 2350 only ? Many thanks.
by georgeyn
Thu Apr 07, 2011 9:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Nelsona, need your help
Replies: 4
Views: 3609

Nelsona, need your help

Hi, Nelsona, I need your help regarding my situation. I'm a us citizen and moved to Canada last June, and my Canadian company sent me to the states for job training for 2 months (Oct. and Nov., income was taxed by Canada), I have 2 questions: 1. Is this 2-month income taxable for us tax return, if y...
by georgeyn
Mon Apr 04, 2011 12:07 am
Forum: Canada / United States Tax & Accounting
Topic: US citizen working in Canada
Replies: 2
Views: 2632

[quote="JGCA"]As a US Citizen you continue to file MFJ so your taxed on worldwide income and can exclude CND earned income using 2555 if meet the test of physical presence or bona fide tes read all threads in this forum posted by Nelsona who explains this many times.[/quote]

Thanks GJ !
by georgeyn
Fri Mar 25, 2011 2:06 am
Forum: Canada / United States Tax & Accounting
Topic: US citizen working in Canada
Replies: 2
Views: 2632

US citizen working in Canada

I'm a US citizen and moved to Canada last June because of job, my wife is still working in the states, can I file married joint 1040? what other forms I should file for the US tax return? 8833 or 2555?

Thanks,

George