Search found 67 matches
- Mon Jan 09, 2023 9:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian resident 401k contributions to Rollover IRA to RRSP
- Replies: 8
- Views: 5593
Re: Canadian resident 401k contributions to Rollover IRA to RRSP
I'm a little confused on what line on T1-General to report the IRA lump sum
- Tue Dec 13, 2022 5:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Revenue Canada Review Help
- Replies: 5
- Views: 6662
Re: Revenue Canada Review Help
I ended up giving them 52 copies of my paystubs, bank statements show the deposits and a copy of the checks I wrote for the small amount I ended up owing. They accepted it and the deduction was allowed
- Tue Dec 13, 2022 5:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Article XXV 1040NR no longer allowed?
- Replies: 4
- Views: 919
- Mon Oct 31, 2022 10:17 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian resident 401k contributions to Rollover IRA to RRSP
- Replies: 8
- Views: 5593
Re: Canadian resident 401k contributions to Rollover IRA to RRSP
Thank you very much for the info. I feel confident in proceeding. My understanding is: - Make disbursement from the IRA, pay USA taxes - Deposit the disbursement into my RRSP plus additional funds to top up to the pre-USA tax amount - Claim this as foreign income and claim FTC for amount paid to USA...
- Sun Oct 30, 2022 11:52 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian resident 401k contributions to Rollover IRA to RRSP
- Replies: 8
- Views: 5593
Re: Canadian resident 401k contributions to Rollover IRA to RRSP
Thank you for the reply. All contributions were made AFTER the change that allowed them to be tax deductible in Canada. I've seen this reference in a few places see below (sorry for the extra long links but they should highlight the text) https://www.howlandtax.com/answers/05Sept21.htm#:~:text=You%2...
- Sat Oct 29, 2022 3:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian resident 401k contributions to Rollover IRA to RRSP
- Replies: 8
- Views: 5593
Canadian resident 401k contributions to Rollover IRA to RRSP
I had a 401k which I made contributions to while a Canadian resident. There was no employer matching. I'm no longer working for that company and have rolled the 401k into an IRA. I'd like to transfer this IRA into my RRSP. I have enough Canadian income to offset the taxes paid to the USA with the FT...
- Mon Aug 22, 2022 11:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: IRS has not processed 1040NR resulting in inability to claim foreign tax credit
- Replies: 10
- Views: 11524
Re: IRS has not processed 1040NR resulting in inability to claim foreign tax credit
Did you send RevCan what you we're able to before they denied your claim?
- Fri Aug 12, 2022 9:08 am
- Forum: Canada / United States Tax & Accounting
- Topic: Revenue Canada Review Help
- Replies: 5
- Views: 6662
Revenue Canada Review Help
For the second year in a row, 3rd time in 4 years revenue canada wants me to prove I paid taxes in the USA. I've worked for the same company for 20 years as an employee!!! For the second year in a row IRS STILL HAS NOT PROCESSED MY RETURN!! 2020 and 2021 returns have still not been processed and I c...
- Tue Mar 30, 2021 4:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Petition for Canadians working remotely for USA due to COVID
- Replies: 3
- Views: 1571
Petition for Canadians working remotely for USA due to COVID
I apologize if this isnt appropriate for this forum. This is a petition passed on to me from my MP's office for those effected by the tax implications of having to work remotely due to the border closure. The petition is asking for immediate action for those effected. https://petitions.ourcommons.ca...
- Mon Mar 29, 2021 10:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canada -> USA commuter COVID
- Replies: 1
- Views: 1187
Canada -> USA commuter COVID
I need to claim back all the tax that was withheld by my USA employer. After reading this forum I believe I need to do the following: 1040NR: 1. Line 1a with income earned while present in USA (0 days for me in 2020) 2. Line 1c with the income I earned while present in Canada Schedule OI to claim tr...
- Sun Mar 28, 2021 1:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canada -> USA commuter 2021
- Replies: 1
- Views: 1003
Canada -> USA commuter 2021
I'm Canadian on TN commuting to the USA daily. Since the border closure I've been working remotely from Canada. I understand that I now need to claim back all the taxes I paid via my employers withholds while performing my job from Canada and I'll owe that to CRA. My question is about going forward ...
- Wed Jan 02, 2019 5:26 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Credit for Other Dependents
- Replies: 3
- Views: 1977
Re: Credit for Other Dependents
Thank you for the reply!
Just to clarify a detail.
Would I only claim this credit on the 1040NR and NOT both (1040NR AND 1040 pro forma)?
Just to clarify a detail.
Would I only claim this credit on the 1040NR and NOT both (1040NR AND 1040 pro forma)?
- Wed Jan 02, 2019 2:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Credit for Other Dependents
- Replies: 3
- Views: 1977
Credit for Other Dependents
IRS states to qualify for the Credit for Other Dependents the dependent must be a U.S. citizen, U.S. national, or U.S. resident alien.
If a Cnd citizen + Cnd resident chooses to file a XXV 1040, as a resident for tax purposes. Can they use this credit?
If a Cnd citizen + Cnd resident chooses to file a XXV 1040, as a resident for tax purposes. Can they use this credit?
- Thu Oct 18, 2018 3:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Living in Canada working remotely for US company
- Replies: 2
- Views: 1663
Re: Living in Canada working remotely for US company
BTW, I'm a Canadian citizen and NOT and American citizen
- Thu Oct 18, 2018 2:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Living in Canada working remotely for US company
- Replies: 2
- Views: 1663
Living in Canada working remotely for US company
I've been living in Canada and crossing the border everyday to work for this company for about 17 years as an employee (W2). Their Canadian arm recently opened an office on Canadian side (Windsor) and I've taken one of the offices there and have been working remotely. Would this have any effect on h...