Serbinski Accounting Firms

Thanks, if this turns out to be the case then what happens when the deferral is paid out. My company will issue a W2 and deduct US federal and state taxes , how do I receive credit for income already taxed in Canada.

Nelsona who originally advised that Cdn wages were calculated from W2 (Box 1 + Box 12 D, E, F, S). Not W2 Box 5. Only Box 12D is populated on my W2 (the 401K contribution). Our company offers a deferred income plan, this is not listed separately on the W2, but the amount is included in Box 5. This i...

I called the CRA and the review was handled by a senior agent and resolved. All documents were accepted in the end. pencileveryone wrote: > Hello akumar, > > I was wondering what happened to your situation in the end? I am in a > similar situation. Just received a letter from CRA to show 'proof of >...

Hello, I have just had my tax return reassessed. In the process of reviewing the documents I submitted, the CRA increased line 10400 "Other employment income" to include all income from W2 (Box 5) as opposed to W2 (Box 1 + Box 12 D, E, F, S). I believe this is mistake can someone please co...

Tax situation Live in Canada and work in USA. -11 years contributing to social security (all at max) -15 years of CPP contributions, all prior to 2010. est $704 payout at age 65. -15 years to retirement, assume will continue to work in USA Question, should I make a voluntary CPP contribution. Turbo ...

Situation, CDN resident work in USA, wife lives and works in Canada. File married filing joint in US. My income is significantly higher than wife. I have investment, interest and w2 income in the USA. My wife’s CDN income, even after foreign tax credit increased my USA taxes. Question -can I claim a...

Hello, Regarding this topic, any further insight if employee 401K contributions reduce RRSP room? Is the CRA consistent with how they handle this, am I safe to contribute more to my RRSP . If I'm paying cdn tax on my 401K contribution and not not want to put it towards my RRSP room then is RC268 opt...

also do you deduct your anticipated refund from the taxes paid?

Hello, Do CPP & EI cdn taxes qualify as foreign tax credits in the US?

I know Social Security paid in the US qualities as a tax in Canada so assume CPP should qualify going the other way?

It is puzzling what they gave me credit for and what they didn't. They are not giving me credit for municipal, state and federal taxes paid on the W2, but did give credit for social security and medicare from the W2. They gave me credit for additional payments I made (as I owed taxes and paid these ...

Hello, I work in the USA and reside in Canada. In June, Revenue Canada requested additional information to support my claim of "income tax paid to a foreign country". In response, as the IRS had yet (and still hasn't) processed my tax return, I submitted W2's, State Transcript and addition...

Hello, I am a dual citizen who lives in Canada and works in the USA. I contribute and max out my 401K in the US, my employer matches most of the 401K. For 2018 taxes, I am considering not deducting my 401K contribution through my allowable RRSP room as my limit is small and the employer contribution...

I moved to the USA 9 years ago from Canada, became a US citizen. Family moved back, I live in Canada part time. I got a letter from the bank stating changes in the income tax act parts XIX and XVIII asking about the countries of tax residence to be reported to the CRA. Always declared all my Canadia...

Hello I am a Canadian and US Citizen living in the USA. I have a TD Waterhouse RRSP & a Sunlife DCPP from when I lived and worked in Canada. I have long declared these to the IRS and haven't had to pay taxes on them. Now my DCPP will start charging me fees, so Sunlife has said the best option is...

guess what I'm asking is can she use the provincial health care system while working up here but not be a can resident