Search found 13 matches
- Thu Apr 04, 2013 11:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian bank interest taxed on 1040-US resident alien
- Replies: 2
- Views: 2791
- Thu Apr 04, 2013 5:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian bank interest taxed on 1040-US resident alien
- Replies: 2
- Views: 2791
Canadian bank interest taxed on 1040-US resident alien
Is interest earned in Canadian savings accounts taxed at 30% by IRS? This is what I am getting after adding the foreign interest on my 1040. We have not paid tax on interest in Canada, as the income for 2012 was equal to the basic exemption (maternity benefits). Is there any provision of the US-Cana...
- Tue Apr 02, 2013 3:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming sales tax for a vehicle, non-resident of US
- Replies: 4
- Views: 3927
- Tue Apr 02, 2013 3:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming sales tax for a vehicle, non-resident of US
- Replies: 4
- Views: 3927
Thank you for your reply, nelsona. So no tax credits on my US return. Deemed resident of Canada: I used that term because we left Canada after mid-year; therefore, for tax purposes we were considered residents. So, if a Canadian resident buys a foreign car, he/she cannot claim foreign tax credit for...
- Tue Apr 02, 2013 1:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming sales tax for a vehicle, non-resident of US
- Replies: 4
- Views: 3927
Claiming sales tax for a vehicle, non-resident of US
Can I claim the sales tax we paid for a car we bought in 2011 while we were non-residents of the US & deemed residents of Canada? We paid $2000 in sales tax for a car we bought end of Nov 2011 in the US. I never claim the sales tax, as Schedule A for 1040NR does not show any deduction for Genera...
- Thu Mar 28, 2013 4:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Maternity Benefits from Canada to report on 1040
- Replies: 15
- Views: 20232
Thank you so much, nelsona. You are great! I had no income in the US last year and I go rid of the RRSP before we left Canada, for which I paid a lot of taxes :-(. Did not know your trick... It was good though, to use it for the downpayment of my house. I got you on the TFSA. But still need some res...
- Thu Mar 28, 2013 3:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Universal Child Care Benefit Repayment on 1040
- Replies: 10
- Views: 14062
- Thu Mar 28, 2013 3:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Maternity Benefits from Canada to report on 1040
- Replies: 15
- Views: 20232
It's dissapinting that I'll have to take out the foreign tax credit- a nice $1278. But I'll do that,if that's the right way, and start with my Canadian Return Section 217. I thought I would do them later, sinnce I had until June 30. I did file a Form NR5 last year in February and got a reduction to ...
- Thu Mar 28, 2013 2:50 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Universal Child Care Benefit Repayment on 1040
- Replies: 10
- Views: 14062
That is exactly how it is. I paid back $300 by cheque on Dec 29, 2011, amount cleared in my bank Jan 10, 2012. I claimed the 300 benefit repayment on my husband's 2011 tax return T1 (we filed jointly as deemed residents of Canada- year when we left for the US) Line 213, amount that was deducted from...
- Thu Mar 28, 2013 1:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Universal Child Care Benefit Repayment on 1040
- Replies: 10
- Views: 14062
Canadian Universal Child Care Benefit Repayment on 1040
What line on 1040 shall I claim Canadian UCCB repayment (form RC 62)? Because of the $300 CAD UCCB repayment I did in 2012 for 2011 (when we became non-residents of Canada), CRA has recalculated my husband's tax return for 2011 and just yesterday I got a Notice of Reassessment from them saying he ow...
- Thu Mar 28, 2013 12:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Maternity Benefits from Canada to report on 1040
- Replies: 15
- Views: 20232
- Wed Mar 27, 2013 11:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Maternity Benefits from Canada to report on 1040
- Replies: 15
- Views: 20232
Thank you, Nelsona. I did file a departure return with CRA. On another website someone was asking a similar question regarding maternity benefits rec'd in Canada, but she was a US Citizen working in Canada. She was advised to treat it as temporary disablity benefits and report it as wages on Line 7....
- Wed Mar 27, 2013 1:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Maternity Benefits from Canada to report on 1040
- Replies: 15
- Views: 20232
Maternity Benefits from Canada to report on 1040
I left Canada at the end of Aug 2011 with my husband and 2 months old baby on a H1-B dependent visa (H4). We filed resident taxes with CRA and 1040-NR with IRS in 2011. I continued to receive maternity benefits from Service Canada for the first half of 2012. I did not work in the US in 2012-not elig...