Search found 7 matches

by Canuck2
Thu Mar 21, 2019 3:41 pm
Forum: Canada / United States Tax & Accounting
Topic: Applying for Social Security or CPP/OAS?
Replies: 2
Views: 342

Applying for Social Security or CPP/OAS?

How can I maximize my pension benefits, minimize any tax withholding and avoid the WEP? I am a Canadian citizen living in the USA for 16 years (Green card) and just turned 70 and want to apply for Social Security/CPP/OAS in the most efficient manner possible that gives me the largest monthly benefit...
by Canuck2
Wed Mar 20, 2019 3:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Nelsona
Replies: 1
Views: 362

Nelsona

Nelsona, you seem to have a lot of good answers about USA/Canada cross-border issues...do you work for Serbinski? Are you available for private consultation?
by Canuck2
Fri May 05, 2017 5:39 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP's and IRS Form 8938
Replies: 0
Views: 893

RRSP's and IRS Form 8938

I am a Canadian residing in the USA for a number of years. (with Green card). I'm trying to figure out how to report my Canadian RRSP's correctly on the 2016 IRS 8938 form. I did NOT have any RRSP distributions in 2016. According to the IRS Form 8938 Instructions as published in January 2015, under ...
by Canuck2
Thu Sep 24, 2015 8:50 pm
Forum: Business & Personal Immigration to Canada
Topic: duty for returning resident
Replies: 3
Views: 4757

No duty, but maybe HST

Maybe no duties, but however, I believe you may still be liable for HST on the market value of certain items...(ex. vehicles, RV's, etc if you want to license them in Canada).

Comments ?
by Canuck2
Mon Sep 21, 2015 5:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving to US, can't convert CAD>USD due to exchange rate
Replies: 4
Views: 2010

Cross-Border Banking

I would leave my cash in a Canadian bank account for now (if you don't need it) until the exchange rate recovers. Both RBC Bank and TD Bank have presence in both Canada and the USA and make it easy for a customer to have both credit cards and bank accounts in both countries. Even though RBC Bank is ...
by Canuck2
Sun Sep 08, 2013 11:12 am
Forum: Business & Personal Immigration to the United States
Topic: Can a U.S. Resident Establish a Canadian $ Bank Account?
Replies: 5
Views: 5725

You're right. TD Bank or RBC Bank in the USA will not open a Canadian account for you, even if you happen to be a customer of theirs in the USA. However, if you are a Canadian resident and have a SIN number, and are currently a customer on the Canadian side, no problem opening Bank accounts in US cu...
by Canuck2
Sat Sep 07, 2013 11:06 am
Forum: Business & Personal Immigration to the United States
Topic: Can a U.S. Resident Establish a Canadian $ Bank Account?
Replies: 5
Views: 5725

In my experience, I've tried to do just that, and the Canadian Banks I spoke to insist that I show up in person to open up a Canadian Bank account (at least for the first one). After the first one, you can open up other accounts through your on-line access. (at least that's what RBC Royal Bank has t...