Serbinski Accounting Firms

thanks.

do we need to take depreciation for US rental property ? or is it optional ?

is foreign rental property considered a foreign financial asset ?

perhaps you have seen this

If you have filed a valid Election as described in this Income Tax Technical News and you have not made a Canadian Contribution to the Roth IRA, you are not required to file the foreign reporting information returns T1135, T1141 or T1134-B in respect of the Roth IRA.

Thanks. Is it true that there is no requirement to file t 1135 in the first year of taking residency in Canada
,

Thanks
Understand distribution are taxable for Ira but not Roth
Do we need to report the Ira to cra like the Roth ?

thanks, found the info on roth !!
but how about treatment of rollover ira ?

how does the cra treat rollover and roth ira for us citizen resident in canada. currently not taking distribution ?
thanks

i am told for ira a/c you can use schwab or t rowe price too but not vanguard

according to them, they say due to recent legislation changes
you cannot hold non retirement brokerage account anymore.!!
did anyone else get this info ?

mcmoxley, do you still use xetrade ? to transfer funds from usd to cad ?
anyone has other way/advice ?

i thought order of filing matters because you have to claim tax credit !

so i will file T1 first, then 1040 ?

i did not mean that brief, please can you expand it somewhat

appreciate briefly info on usc living in canada. how will the following be taxed :

us source rental + dividend income ?

canada source rental income ?

which form needs be filed first us or can

Thank you

womanonthemove. thanks i read info. where can i access the blog you said you have written. i will be in the same situation as you so any info will be helpful based on your experiences