Search found 10 matches

by taxquestion
Wed Mar 14, 2012 9:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax owed versus paid
Replies: 13
Views: 6915

Sorry, That was mistake, I just refreshed this page.
What is MFJ 1040, I just found 1040NR.
It's said that I cannt claim the standard deduction on 1040 NR.
Is that right? (yes/no question, it's more clear for me)

Thanks.
by taxquestion
Tue Mar 13, 2012 11:22 pm
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax owed versus paid
Replies: 13
Views: 6915

Non-business income tax paid to a foreign contry should be:
Fed tax + state tax + social security tax + medicare tax

is that right?
by taxquestion
Tue Mar 13, 2012 10:29 am
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax owed versus paid
Replies: 13
Views: 6915

Non-business income tax paid to a foreign contry should be:
Fed tax + state tax + social security tax + medicare tax

is that right?
by taxquestion
Tue Mar 13, 2012 12:58 am
Forum: Canada / United States Tax & Accounting
Topic: Foreign Tax owed versus paid
Replies: 13
Views: 6915

Hi, I have some questions.
1.when claim foreign tax credit,
Non-business income tax paid to a foreign contry should be:
Fed tax + state tax + social security tax + medicare tax

Net foreign non-business income should be: the net income from 1040NR

Is that right?

2. In 1040NR, could I claim the ...
by taxquestion
Mon Jan 02, 2012 2:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Working in US with TN Visa
Replies: 14
Views: 7932

Sorry fro bothering you.
I just don't know do I need IRA to reduce my US income or just use RRSP to reduce my tax when I claim tax return in Canada.
I don't know what is better choice for me. I need some suggestions.
Or I can use some tool to estimate it myself.
As you mentioned, I am non resident ...
by taxquestion
Mon Jan 02, 2012 11:41 am
Forum: Canada / United States Tax & Accounting
Topic: Working in US with TN Visa
Replies: 14
Views: 7932

How about US tax? I have to claim US tax first, right?
Thanks
by taxquestion
Sun Jan 01, 2012 12:52 pm
Forum: Canada / United States Tax & Accounting
Topic: Working in US with TN Visa
Replies: 14
Views: 7932

Thanks for your answer.
Could you introduce a tool for me to estimate both tax for Canada and for US? so I will know how much RRSP amount I should use.

Thanks
by taxquestion
Sat Dec 31, 2011 7:06 pm
Forum: Canada / United States Tax & Accounting
Topic: Working in US with TN Visa
Replies: 14
Views: 7932

I have 16k RRSP amount, I want to estimate how much it's better to use for reducing my tax. Before the end of Jan I have to buy RRSP, if not it will be late.
Could you give me any suggestion about how to estimate it?

If I am resident in Canada, I still can buy RESP, right?

Thanks.
by taxquestion
Sat Dec 31, 2011 11:49 am
Forum: Canada / United States Tax & Accounting
Topic: Working in US with TN Visa
Replies: 14
Views: 7932

Working in US with TN Visa

Thanks for your answer.
1. As you said, I have to claim US tax return first, because I have already paid tax when I got pay.
401k is not too late, is it? I will ask the company about this.
2. You suggest that I put Roth IRA, because US tax is lower than canada, but this one is like RESP.
when I ...
by taxquestion
Sat Dec 31, 2011 3:02 am
Forum: Canada / United States Tax & Accounting
Topic: Working in US with TN Visa
Replies: 14
Views: 7932

Working in US with TN Visa

I moved to US in May (2011). I didn't declare departure till now, because I really don't know I have to do that.
My wife and child are still in Canada. I have some questions.
1. how to claim my tax in Canada and US for 2011?
2. In 2011 my income in Canada is about 40k, I have 16k RRSP amount from ...