Search found 51 matches
- Thu Jun 17, 2021 10:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian non-resident with US green card
- Replies: 7
- Views: 2473
Re: Canadian non-resident with US green card
No more answers necessary.
- Fri Mar 29, 2019 3:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deferred Tax Payment of Income from Deemed Disposition
- Replies: 18
- Views: 8490
Re: Deferred Tax Payment of Income from Deemed Disposition
Hi,
It's a long time ago but if memory serves, my wife was asked to provide a Letter of Guarantee to Revenu Quebec. I believe she deposited the money in a GIC which was kept in an account at TD Canada Trust. The idea was that when she returned to Quebec, she would get the money back.
It's a long time ago but if memory serves, my wife was asked to provide a Letter of Guarantee to Revenu Quebec. I believe she deposited the money in a GIC which was kept in an account at TD Canada Trust. The idea was that when she returned to Quebec, she would get the money back.
- Wed Mar 27, 2019 3:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deferred Tax Payment of Income from Deemed Disposition
- Replies: 18
- Views: 8490
Re: Deferred Tax Payment of Income from Deemed Disposition
Ok, ignore the above.
I saw your reply to william67 "about CRA needing reminding".
So I assume that means a letter of sorts.
Thanks.
I saw your reply to william67 "about CRA needing reminding".
So I assume that means a letter of sorts.
Thanks.
- Wed Mar 27, 2019 3:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deferred Tax Payment of Income from Deemed Disposition
- Replies: 18
- Views: 8490
Re: Deferred Tax Payment of Income from Deemed Disposition
Well you pointed out the applicable Article of the US-Canada tax treaty dealing with capital gains 10 years after leaving. I'm wondering what to do with the CRA continuing to ask if any stocks have been sold last year even though we left Canada over 10 years ago. Since 12 years has passed, I was ass...
- Fri Mar 15, 2019 12:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deferred Tax Payment of Income from Deemed Disposition
- Replies: 18
- Views: 8490
Re: Deferred Tax Payment of Income from Deemed Disposition
Hi,
So today my wife received CRA Form RC171 asking if any stocks were sold during 2018. It is now 12 years since we left Canada so CRA is either unaware
or not concerned with Article XIII(5) of the U.S. tax treaty.
What should we do?
Send them a letter pointing out the Article XIII?
So today my wife received CRA Form RC171 asking if any stocks were sold during 2018. It is now 12 years since we left Canada so CRA is either unaware
or not concerned with Article XIII(5) of the U.S. tax treaty.
What should we do?
Send them a letter pointing out the Article XIII?
- Thu Feb 14, 2019 2:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deferred Tax Payment of Income from Deemed Disposition
- Replies: 18
- Views: 8490
Re: Deferred Tax Payment of Income from Deemed Disposition
Thanks for the referring me to Article XIII(5) of the U.S. Canada tax treaty. It does seem quite clear that taxation can occur for only 10 years following departure. My wife and I left Canada in 2007 for the U.S. , so the 10 year limit has been passed. However, CRA still sends us a form annually ask...
- Wed Sep 19, 2018 10:05 am
- Forum: Canada / United States Tax & Accounting
- Topic: Best way to transfer Money from Canada to the USA?
- Replies: 11
- Views: 5971
- Wed Sep 19, 2018 9:51 am
- Forum: Canada / United States Tax & Accounting
- Topic: Best way to transfer Money from Canada to the USA?
- Replies: 11
- Views: 5971
Re: Best way to transfer Money from Canada to the USA?
Hi, I'm a US resident who is planning to open an account with MTFX in order to periodically transfer payments from my Canadian RRIF into a US checking account. MTFX are asking for copies of 1) Canadian passport, 2) US drivers license, 3) Canadian checking account statement and 4) Copy of a US utilit...
- Thu Jan 18, 2018 6:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non Resident executor of a Canadian estate
- Replies: 10
- Views: 6077
saldanch,
It appears that you and I are in the same situation on this. If you wish to converse privately on this, please contact me at wmwilliam67@gmail.com
It appears that you and I are in the same situation on this. If you wish to converse privately on this, please contact me at wmwilliam67@gmail.com
- Thu Jan 18, 2018 5:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non Resident executor of a Canadian estate
- Replies: 10
- Views: 6077
- Wed Jan 17, 2018 2:52 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non Resident executor of a Canadian estate
- Replies: 10
- Views: 6077
- Wed Jan 17, 2018 1:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Non Resident executor of a Canadian estate
- Replies: 10
- Views: 6077
I'm in exactly the same situation as the OP. U.S. resident, listed as executor for mother's estate in Canada. I am seriously considering in refusing to be executor for reasons listed above. My sister is listed as a second in line if I refuse and she is Canadian resident. However, I am a beneficiary ...
- Fri Nov 04, 2016 4:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Section 215 filing
- Replies: 1
- Views: 1416
Section 215 filing
I am a resident of the US with a RRSP back in Canada. Every year I file a T1 and elect to file under section 217. The withdrawals are under $20,000 and I have no employment income so it advantageous for me to do this. In Schedule A, World Income, we are asked to report interest, dividend, and capita...
- Fri Jan 22, 2016 5:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: NonResident Tax on Dividends in RRSP
- Replies: 3
- Views: 2360
- Sun Jan 17, 2016 5:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: NonResident Tax on Dividends in RRSP
- Replies: 3
- Views: 2360
NonResident Tax on Dividends in RRSP
I am a U.S. resident Green Card holder from Canada. I left my RRSP in Canada with TD Waterhouse. For some strange reason, TD started applying the 15% NRT on dividends from a particular US stock I own in my RRSP (Medtronic - MDT). I have other US stocks and no NRT has ever been applied. I phoned up T...