Search found 4 matches

by BCboy
Thu Feb 23, 2012 8:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian senior moving to USA
Replies: 5
Views: 3826

Wow good info thank you
Now a hypothetical question.
LTD owns retail store inventory, leasehold improvements and vehicles value $250,000 so I value shares at that. Would that be capital gain or income?
I then buy shares back for $250,000.
So then could I declare my profit each year as a dividend, if ...
by BCboy
Thu Feb 23, 2012 6:34 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian senior moving to USA
Replies: 5
Views: 3826

Can I use the once in a lifetime tax benefit for family business sale I believe it is $500,000?
by BCboy
Thu Feb 23, 2012 4:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian senior moving to USA
Replies: 5
Views: 3826

Canadian senior moving to USA

I am Can my wife a PR in Can , US citizen we are moving to USA.
Was told I must sell my LTD co. Then repurchase what is the method of calculating shares value?
by BCboy
Thu Feb 23, 2012 1:51 pm
Forum: Business & Personal Immigration to the United States
Topic: Canadian senior moving to USA tax questions
Replies: 1
Views: 5063

Canadian senior moving to USA tax questions

Hi I am a Canada senior married to a CAN PR US citizen we plan to move to US
Was told I must sell my shares in my LTD company and repurchase.
How do I value shares, I am only stockholder?
If I then draw dividends instead of wages are the taxable in Can?
Can I collect my OAP & CPP in USA? Are they ...