Search found 5 matches

by solea
Fri Jan 31, 2014 6:28 pm
Forum: Canada / United States Tax & Accounting
Topic: US Tax Resident w/ Canadian TFSA
Replies: 3
Views: 2546

Thanks nelsona.

If this shouldn't be filed under FBAR. Where/how on my US tax return should this be reported? This doesn't seem like a foreign financial asset (seems to be even higher qualifying amounts, 50k)?
by solea
Fri Jan 31, 2014 6:17 pm
Forum: Canada / United States Tax & Accounting
Topic: US Tax Resident w/ Canadian TFSA
Replies: 3
Views: 2546

US Tax Resident w/ Canadian TFSA

I'm a Canadian citizen who is a tax resident in the US for 2013. The only account that I have remaining in Canada is a TFSA and it's value is less than $10,000. I've been hearing mixed messages like if it's less than 10k you don't need to file vs. you always need to file with a foreign account. So d...
by solea
Thu Jan 30, 2014 4:13 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian working in the US
Replies: 4
Views: 2463

I've seen references to a departure tax return for Canada. What does that mean? Do I file a regular T1?
by solea
Thu Jan 30, 2014 3:48 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian working in the US
Replies: 4
Views: 2463

Sorry, forgot to mention this.

I have a TFSA in Canada. Does this need to be included in my US tax return somehow?
by solea
Thu Jan 30, 2014 3:44 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian working in the US
Replies: 4
Views: 2463

Canadian working in the US

I'm a Canadian citizen working in the US under TN. I think that for 2013, I am a tax resident in the US and not in Canada. I did not make income in Canada for 2013, I did in the US. My questions: 1. Should I submit a NR73 (since I'm only under TN and my stay in the US is supposed to be "tempora...