Serbinski Accounting Firms

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...

nelsona, thanks a lot! I'll do exactly this way.

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...

Hello,
My sitation is almost the same. But I did not make an election to defer my RRSP last year (I filed US taxes for 2013 only). Can I use the same approach with foreign tax deduction on line 8 of Schedule A? What would be different in my case?
Thanks

Any help is appreciated. Could someone possible point me to a similar question/answer in the past?
Thanks,
-- Ivan

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 ...

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 ...