Serbinski Accounting Firms

Thank you !! I appreciate you taking the time to tell me all this information. Makes life much easier !

Yes, it is pub. 901. ( sorry, my error in quoting it).



I am not sure what you mean by spoof address. I assume you meant he must have had a USA address on file. But he updated it to Indian address when he withdrew the money (which was sent to his Indian address ) and he also filled in the W4 form ...

Hello,
I need to clarify one more thing. My relative worked in USA in 1983 and paid into the Valic retirement fund and left USA in 1985. Now he is retired and last year he withdrew half his money ( around 14000$) but they withheld 30% tax on it. Since it is pension fund, the Table 1 on p951 says 0 ...

I think now I understand this from the previous discussion. Thank you.

1. I should not hold any brokerage account in USA while living in Canada. I must close it immediately.
2. Any stock sold from this account in USA after I moved to Canada is taxed as capital gains based on the price I sold if for ...

Thank you so much for your help. I did not know these rules. I will close my account now to avoid future problems. Thanks

Since you are differentiating between dividend income and capital gains, I suppose I am required to report this to the Canada income tax ( my capital gains from this sale)

Saras

Thank you. I am not a US citizen and do not have a green card. Since no tax was deducted, should I still file a return. I am thinking that I only have to file a return in Canada now.

Hello,
I moved from USA to Canada in 2007. At that time I had some stocks that I purchased from the company I was working in ( in USA). I did not know I had to sell them. I Just sold them last year and want to file my income tax. I am working in Canada and so is my husband. We are residents of ...