Search found 5 matches

by Andrew1974
Wed May 09, 2012 12:37 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Implications of Dual Residence
Replies: 8
Views: 3822

That is not an issue, as under this scenario 100% of my work and income will be out of the US. If I transfer back to Canada it would most likely be in a different role with different pay. My wife would surrender her green card work from Canada and file only in Canada. I would convert to a commuter g...
by Andrew1974
Wed May 09, 2012 11:09 am
Forum: Canada / United States Tax & Accounting
Topic: Tax Implications of Dual Residence
Replies: 8
Views: 3822

Thanks very insightful. Lets say I go the commuter green card route. I continue to work in the US, make contributions to my companies 401K and defer a % of my income to the companies "non-qualified deferal plan". In the US I pay taxes on net amount after these two pretax deductions. Will C...
by Andrew1974
Tue May 08, 2012 5:20 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Implications of Dual Residence
Replies: 8
Views: 3822

Thanks,

and if I don't switch payrolls, able to deduct any taxes paid in the USA through a tax treaty?
by Andrew1974
Tue May 08, 2012 1:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Implications of Dual Residence
Replies: 8
Views: 3822

Thanks, The frequent trips back can be paid on my expense so that is not an issue. I like the idea of staying "based" in the USA but will have wife, home in Canada and thought this establishes residential ties, my wife will also be working. What would be the tax implications for both of us?
by Andrew1974
Tue May 08, 2012 11:38 am
Forum: Canada / United States Tax & Accounting
Topic: Tax Implications of Dual Residence
Replies: 8
Views: 3822

Tax Implications of Dual Residence

Hello, I am a Canadian, two plus years ago I took a transfer to our US head office and declared myself a non-resident in Canada. I now have a Green Card, 401K, investments, etc. To be closer to family, I'm thinking of returing to Canada and moving back into my house which I had rented out. My job wi...