Serbinski Accounting Firms

Thanks. To clarify, so the CCTB (not taxable in Canada) would also be not taxable on one's US Return ?

How does the US Tax code treat US Citizens who are permanent residents (PR) in Canada and receive things like the Universal Child Care Benefit ( UCCB ) and the Canada Child Tax Benefit ( CCTB ) ? I want to be sure I'm doing this right. In Canada, it appears the UCCB is a taxable benefit . But the CC...

I'm a US Citizen living as a PR in Canada for last few years (family sponsorship). I kept pace with the payments on my massive US credit card debt... until earlier this year. It is looking like filing BK might be my only option. Profile: All my debts are US Credit cards (fallout from a remodel / res...

I'd love any tax efficiency advice about running my S corporation from Canada. It makes sense for me to keep it while I'm here in Canada (maybe 1-2 years more, or more) for several reasons, but I want to structure my income correctly to legitimately avoid any double taxation etc. I understand how it...

Thanks for this clarification. Very helpful. I'm a first timer into Canada. LIkely coming back to US at some point, but not sure when. I might have to call those Cr counseling svcs again indeed. That is one of my key questions. Is there any advantage to me even filing. Or should I just contact all t...

What US and Canadian tax consequences might I incur, if I have to declare US Bankruptcy or just quit making my US Credit Card payments ? I'm a US Citizen moved to Canada (now a Permanent resident) 2 years ago. I have $100,000+ in unsecured US credit card debt (1 LOC and 9 cards). My canadian banking...