Serbinski Accounting Firms

Thanks, Nelsona. Regarding the deemed disposition -- Since I had bought the property only 4 months before I left, I can safely assume the price appreciation on the property was 0%, correct?

Hi,

I am a USC who was working in Canada for the last few years on a work visa. Then I emigrated from Canada to the US in June 2015, after having bought a rental property in the US in March 2015.

When I file T776 do I just include the rental income and expenses I incurred for the property during ...

Ok thanks. I said I moved to Canada in 2011 just to keep my post brief, since I had not intended originally to get into details about the FEIE residence tests (my bad for mistyping FEIC).

Re: pro-rating the bonus
Thanks for the clarification here. I was just plain wrong.

Re: PPT
I won't be able to meet this test because I go to the US too often on business trips or personal.

Re: bona fide resident
I was an intern in Canada in 2011 for only 3 months, moved to Canada full-time only ...

Thank you for your help, Nelsona. A couple more clarifications would help my situation immensely:

(1) Is it possible to use foreign tax credits before tuition deductions on the Canadian return? I think I am in the situation where I'll have to pay more taxes to the US than to Canada.

(2) I will ...

I'm a USC and paid tuition at a university in the US from 2008 - 2012. I moved to Canada in 2011 and deducted my 2011 tuition amount against income that year (and I can do it again for the 2012 return).

Can I back file 2008, 2009, and 2010 tax returns in Canada with no income but tuition amounts ...

even better. thanks!

Hi,

I'm a USC and will begin working in Canada full-time starting in August. Since I won't be in Canada for whole year in 2012, I can't claim the foreign earned income exclusion for that year. However, can I get those taxes back when I file my 2013 taxes, since I can prove that the period Aug-Dec ...

Thanks. But is it actually possible to book tuition tax credits for the future? Upon reading this thread it seems like I would have to use up the tuition tax credits before I can claim foreign tax credits:
http://forums.serbinski.com/viewtopic.php?t=6444

I'm a 4th year college student in the US, and last summer I worked in Canada. By using a tax deduction for tuition, books, etc, I can make my Canadian tax bill $0.

Do you think it would be beneficial to elect not to use the tuition deduction this year, but to pay Canadian taxes and use a tax credit ...