Search found 7 matches
- Fri Nov 05, 2021 11:53 am
- Forum: Canada / United States Tax & Accounting
- Topic: Inheritance from US to Canada, reduce tax/probate
- Replies: 0
- Views: 7714
Inheritance from US to Canada, reduce tax/probate
We live in US, have two children in Canada and US. We have a house, 401k, Roth IRA, HSA, investments. All way below $11M limit. What would be the best strategy for inheritance to eliminate or reduce taxes and probate fees? Is the will really better than trust in this situation? How to bump cost basi...
- Mon Feb 27, 2017 3:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: GIC RRSP distribution filing
- Replies: 2
- Views: 1699
- Mon Feb 27, 2017 12:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: GIC RRSP distribution filing
- Replies: 2
- Views: 1699
GIC RRSP distribution filing
I am a US resident and last year I closed my GIC locked-in retirement account, paid 25% tax on the distribution ($5000) to CRA and received NR4 form from CRA. How is my situation different from regular RRSP distribution? I plan to take tax deduction on Schedule A, but where do I claim the income fro...
- Tue Mar 17, 2015 2:41 am
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP distribution and 1040 filing for 2014 tax year in US
- Replies: 15
- Views: 16525
- Sun Mar 16, 2014 12:44 am
- Forum: Canada / United States Tax & Accounting
- Topic: House sale in Canada and departure date
- Replies: 2
- Views: 2378
- Mon Mar 10, 2014 12:50 am
- Forum: Canada / United States Tax & Accounting
- Topic: House sale in Canada and departure date
- Replies: 2
- Views: 2378
House sale in Canada and departure date
Hello all, I work and live in California on TN status since July 2012. My wife did not work in 2012-2014. My wife sold our house in Canada and joined me last February 2013. I filed as resident with CRA and 1040NR with IRS for 2012. Would it be better for me to do the following? 1. Amend my CRA file ...
- Mon Apr 22, 2013 1:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN/TD status, filing taxes in Canada/US
- Replies: 1
- Views: 1784
TN/TD status, filing taxes in Canada/US
Hi all, I am sorry for asking the similar question, but could not find a match in other posts. We are Canadians, living currently in California on TN/TD status. I got TN status and job in USA on July 25, 2012. Since that time I visited Canada just twice for 10 days. But my wife and son were with me ...