Search found 4 matches

by Dave777
Mon Apr 22, 2024 7:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Gift of Stock from USA to Canada
Replies: 0
Views: 4325

Gift of Stock from USA to Canada

I'm a US Citizen (Canadian Citizen too) living 100% in California, US. I want to gift appreciated publicly traded stock to my Canadian brother who is living 100% in Canada and has no ties to USA. 1. What stock value do I use to determine the value of my gift to him? 2. Do I pay capital gains on the ...
by Dave777
Thu Oct 25, 2012 10:13 am
Forum: Canada / United States Tax & Accounting
Topic: Working full-time in US & part-time in Canada
Replies: 7
Views: 4000

What if I keep my house in Canada and then return to Canada in 20 years and move back in to my house. Will the IRS tax me on the gain in value of Canadian house even though I have not sold it?
by Dave777
Mon Oct 22, 2012 1:54 pm
Forum: Canada / United States Tax & Accounting
Topic: Working full-time in US & part-time in Canada
Replies: 7
Views: 4000

Thanks for the replies. Do I have a year after becoming a non-resident to sell my principle residence for the proceeds to be tax-free?
by Dave777
Sat Oct 20, 2012 1:08 pm
Forum: Canada / United States Tax & Accounting
Topic: Working full-time in US & part-time in Canada
Replies: 7
Views: 4000

Working full-time in US & part-time in Canada

I'm a Canadian Citizen and will be moving to the US to work full-time at a US company. I will be establishing a home there etc. and will be sponsored for an H1 visa. I will be retaining my home in Canada which my parents will adopt for their retirement and will be closing bank accounts, credit cards...