Search found 4 matches

by seanus
Fri Mar 02, 2012 7:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Exemptions: Canadian vs US tax rules for dependents
Replies: 1
Views: 1760

Exemptions: Canadian vs US tax rules for dependents

First just the US tax question - In the US when claiming dependents and you are filing separately can both parents declare all children? In Canada I think a dependent can only be on one return. Now when US citizens living in Canada file their 1040s do the dependent claims need to be the same between...
by seanus
Fri Mar 02, 2012 7:21 pm
Forum: Canada / United States Tax & Accounting
Topic: 1040 Filing Status Strategy for US Citizen married in Canada
Replies: 1
Views: 2099

1040 Filing Status Strategy for US Citizen married in Canada

Should we file our 1040s as "Married filing jointly" or "Married filing separately"? My wife is an American and has been living in Canada for the last few years. I am Canadian. We've come to realize she should have been filing her 1040s and 1116es. Her income is small and there w...
by seanus
Mon Jan 09, 2012 3:06 pm
Forum: Canada / United States Tax & Accounting
Topic: Are Tax brackets for calculating CDD departure tax prorated?
Replies: 2
Views: 2012

Thank you Nelsona, that's reassuring to know.
by seanus
Sun Jan 08, 2012 5:45 pm
Forum: Canada / United States Tax & Accounting
Topic: Are Tax brackets for calculating CDD departure tax prorated?
Replies: 2
Views: 2012

Are Tax brackets for calculating CDD departure tax prorated?

I'd appreciate confirmation that the tax brackets for calculating federal and provincial taxes are NOT prorated when departing Canada to the U.S. Here is what I think: I've read T4056 and it explains which deductions are pro-rated and this makes sense to me. However, if I read it correctly, the tax ...