Serbinski Accounting Firms

Thank you

Do you happen to know where I send the completed certificate of compliance application? I can’t seem to find it online. It is for Manitoba. Would it be to your local CRA office?

Thanks

Thank you. That’s what I thought but I was hoping. Lol I have another question. I have had the property for 31 years and we have done extensive renovations inside and outside. I have a lot of the bills, but over the years many more bills have faded or gone missing. How do I claim the renovations for...

Hi. I am a dual US/Canadian citizen living in the US for 28 years. I am selling a property in Canada I have had for 31 years. In form T2032 for the certificate of compliance, can I check the exemptions box due to the tax treaty with US and Canada and thereby not paying any capital gains in Canada, b...

I am a Canadian residing in the US. ( I have dual citizenship). The financial institution where I have my RRSP sent me a limitation of benefits form to fill out. What is this for? It says I have to fill out so I won’t get increased taxes taken out down the road. Thanks in advance.

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I am a non resident of Canada (Canadian citizen) living in US. I have had a vacation home in Canada for over 20 years. We bought it for $34,000. We have done a lot of renovations over the years at a cost of at least $100,000. Now home is worth considerably more. I am looking to sell it. How do I acc...

Thank you!

I am a Canadian with dual American citizenship. My husband and I have been permanent residents in US for 20 years. My husband recently passed away and has an RRSP in Canada. I would like to keep RRSP as is but transfer to my name. Not cash in but rollover. What are my options? Thx

Also I already paid the taxes on the sale of the land. Where do I report this on the Canadian income tax. It is not the land transfer tax is it? Thx

Thank you for your reply. Yes this is my only Canadian income. That is what I thought about only claiming the sale money and not world income. I was doing it on TurboTax and the provincial automatically came up. Thx!

I am a resident of the US. I recently sold inherited land in Canada. I have the sale price and the cost basis. I already paid taxes to Canada for the taxes on the capital gains. I understand I need to fill out Canadian income tax and place the gains in capital gains. Where would i put the taxes that...

I am a no. Resident selling property in Canada. My accountant has filed for a certificate of compliance. Does anyone know the approximate time it takes to receive certificate so funds from sale can be released? Thanks. Brenda

Question 1:My father is selling his farm in Canada and wants to give the money to my husband and myself who live in US permanently. What implications does this have on our US taxes? Do we have to claim the amount and if so, under what? Question 2: If you own land in Canada and sell it, how does this...

[quote="nelsona"]It is not reported anywhere. the ESTATE reports it, in US for ESTATE tax purposes, but that is all.[/quote]

ok that makes sense, but the estate was in Canada and they do not fill out US taxes. thx

[quote="nelsona"]Inheritors pay no tax on inheritance, in either US or canada from estates from any country.[/quote]


Thx. Do you know what form I use to claim it on my taxes? Do they need proof that it is an inheritance?