Search found 6 matches

by Zimmyntrn
Thu Feb 21, 2013 8:46 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian fellowship paid in the US
Replies: 11
Views: 6470

The 22% is based on the tax bracket that the fellowship falls after standard credits. There would be no provincial taxes, as I am not a resident of Canada anymore. If the income was US based I wouldn't owe anything to Canada at all. Since this is my first year in this situation, I think I will just ...
by Zimmyntrn
Wed Feb 20, 2013 2:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian fellowship paid in the US
Replies: 11
Views: 6470

I could always not take the credits in Canada to avoid pay tax in the US and save the credits for later. I fully left Canada, I just am receiving this fellowship from the Canadian government to pursue research elsewhere. Can I not use the taxes in the US as a foreign tax credit to the Canadian taxes...
by Zimmyntrn
Wed Feb 20, 2013 9:04 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian fellowship paid in the US
Replies: 11
Views: 6470

I think I may be double taxed because nothing is being withheld in Canada. This is a fellowship that used to be considered non-taxable but has now been clarified as taxable. That means I need to at least make some kind of estimated tax payment in Canada, unless I expect to reduce my Canadian tax bur...
by Zimmyntrn
Tue Feb 19, 2013 6:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian fellowship paid in the US
Replies: 11
Views: 6470

One more question.

Do I make estimated tax payments to both countries?
Just Canada?
by Zimmyntrn
Tue Feb 19, 2013 6:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian fellowship paid in the US
Replies: 11
Views: 6470

Thank you for your response Nelsona. The organization who is giving me the fellowship is recommending taking it in Canada directly, to avoid potential double taxation issues. However from your comment, it seems that no matter how I accept the fellowship, it will be taxed in both the US and Canada? A...
by Zimmyntrn
Tue Feb 19, 2013 4:55 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian fellowship paid in the US
Replies: 11
Views: 6470

Canadian fellowship paid in the US

Hi, I have a unique situation and hope someone can help me. I am a US resident alien and a Canadian citizen (non-resident). I am a research fellow in the US and have received a Canadian fellowship. The money will generate a T4. The institution I work at wants the money to be paid through their finan...