Serbinski Accounting Firms

The proposed 5% was reduced to 3.5% by the House. Nonetheless, that's not much comfort. I'm really wondering about transfers to oneself.

No. You should file a "departure return" with CRA, i.e. a partial-year return specifying your departure date in September. You only report the income for the part of the year in which you were resident in Canada.

It shouldn't. You'd file a departure return with CRA, giving your departure date and declaring your worldwide income up to that date.

Heck, formerpatriot, well spotted! I haven't noticed anything in the news on this yet. I guess it has a long way to go to become law. Excluding noncitizens seems awfully harsh, unless "national" would include US persons such as resident green card holders? TBH, husband and I have been wond...

Wrapping up my bulletins, husband's payment deposited in USD in our US bank on Friday, mine in CAD in our Canadian bank today. Exchange rate 1.4421.

Payments on the way: I logged into my SSA account and found that my benefit amount is updated, and when I downloaded my Benefit Verification Letter, it also shows the revised monthly benefit for January through November 2024. All figures exactly what I had calculated. I got the idea of checking my S...

Thanks very much for sharing that you received retroactive payments, @exPenn and @bc075259. I'm particularly heartened to read exPenn's update because his situation is very similar to mine. I too get my SS deposited to my BMO account in CAD. So I'm heartened to learn that in his case, the Canadian a...

That's good news if true, bc075259. With DOGE now turning its attention to SSA and the acting administrator forced out because she refused access to sensitive data, I've been feeling like we'll be lucky to avoid disruption to existing benefits. Ever seeing the HR82 increase feels like a pipe dream.

I like the idea of the poll! Since SSA has said "more than one year" I'll pick February 2026. (I'm hoping for better, but figure this way I risk less disappointment). Do you think we'll get the adjustment and arrears all at the same time? I have no basis for a guess on that. About the 11 v...

SSA has updated their information page today (Friday, January 24, 2025) with quite a lot of detailed information, in a Q&A format. https://www.ssa.gov/benefits/retirement/social-security-fairness-act.html I noticed particularly this item: "For someone already receiving benefits affected by ...

I have experience with this in Canada - my sister and I inherited a RRIF from our dad - and most definitely, the full amount of the RRIF was paid out to us, but our dad's estate owed the tax, on his date-of-death tax return. In this case sister and I were named beneficiaries of the RRIF, so it didn'...

In case this is helpful, you can at least split 85% of your Social Security.

[quote=bc075259 post_id=531201 time=1735746568 user_id=10393] I recall when I spoke with the SSA agent originally when he applied WEP to my SS, he said that my wife's would also be reduced because she was to claim 50% of my now WEP reduced FRA amount. However, I'm not sure if that was indeed the cas...

The WEP & GPO Facebook page is now showing the signing ceremony invitation received by the page's admin herself (evidently a longtime mover and shaker in the repeal effort). 10 AM on January 6. So I think we can all relax about the possibility of a pocket veto. It'll be signed. I'm surprised by ...

In answer to the questions about how to know how much SS should be without WEP, if you download SSA's detailed calculator from https://www.ssa.gov/OACT/anypia/anypia.html and enter all your information, it'll tell you. You should be able to exactly reproduce what you're getting. It's a bit tedious t...