Serbinski Accounting Firms

Working with H1B (with 140 just being approved), currently on 30 hr/wk part-time schedule with my current employer, now I have another full-time job offer, can I accept the offer and work on two jobs? and 2nd job would start with a TN application.

Thanks Nelsona, so we can transfer to RRSP from Roth 401 K with no withhold, right?
Also we can only contribute up to 5500 each year to it.

Hi Forum,

We are Canadian currently on TN visa , during last 12 months, we max. our 401K contribution based on IRA limit, but after did bit of research on what to do in the future, seems we would be likely transfer it to RRSP , so 25% withhold.

Compare to tax saving is less than 20%, are we doing ...

Working under TN visa in US and be considered as US resident, need to do it to pay bills (for rental and non rental properties) in Canada, two questions,

1. Where is the best place to do it for better exchange rate?

2. Any tax consequences?

Thanks

2014 was my 1st yr on TN visa, there is an overlap period that I still be Canadian resident(since family still in Canada) while have earning in US, when file Canada return,I need to report that portion of income till I was considered a non resident (family moved to US),

1. can I claim foreign tax ...

Got it. Thanks,

Since we moved last August, for 2014, we should be considered mainly Candian resident or US for tax purpose?

And here comes another problem, if we are still considered as Canadian taxpayer, and we got one rental property in Canada, do we need to pay departure tax for this property in 2014, or in ...

nelsona, thanks for quick reply.

Yes, I believe we are US residents when whole family moved here last August.

You mentioned that we need to pay departure tax obligations to canada - but including departure tax on that AZ property? That is we do not know and understand. you also said "You will pay ...

We are here in US on TN visa -start last August, plan to sell our investment property in US (Arizona) this year, do we still need to pay 30% withhold for capital gain? and how would it impact our US and Canadian tax returns?

Thanks,

nelsona,thanks
Good points on CCA .

If we decide to sell main residence before move, not sure how it would be taxed.
I will go to south 1st, see this May to start work, my wife and child will join me this Septempber, so plan to sell the house in August or July.

So capital gain is tax free in ...

Got a permanent job offer from an US employer, plan to move to US for extended
Period,like to know
What are tax consequences if we keep properties (rent out) in Canada ?
Pros and cons.

Thanks,