Serbinski Accounting Firms

Sorry, I didn't mean to confuse things. My original question was about trying to understand how resourcing of US dividend income works. I've read about it on several posts on this site, and wanted to know how it works, and whether or not I could use it.

It seems that there are quite a number of ...

I have (taxable) retirement income from the USA, as well as a fair amount of dividends and capital gains. Also, if I understand correctly, in Form 2555 I can only exclude $92,900 of my Canadian income. The remaining amount gets taxed by the USA. This is why I owed so much to the USA.

I still ...

Yes, I believe that you are correct. According to my TurboTax summary, my effective tax rate was 10.82%. My tax bill was $4,147. to the USA and $536. to my state.

This is the procedure that I am following for doing my taxes. Not sure if it's right or not:

1. Complete the Canada/Quebec taxes ...

I'm a USC working in Quebec for the past 4 years. Each year I pay US taxes for my US mutual fund dividends. In reading this forum, I've seen several references to resourcing the US income to Canada in order to reduce the US payments, but I am unable to understand how this works.

I've looked at the ...

I am an American who has been working in Canada with a (skilled worker) work permit for three years. Each year my visa got renewed for one year. My company is planning to renew my work permit again this year when it expires in early July. I have some questions about this:

1) Is it just as easy to ...