Search found 4 matches
- Wed Feb 11, 2015 2:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Repaying HBP as non-resident and US tax return
- Replies: 3
- Views: 2514
Thank you so much for the comprehensive response. Now I need one clarification wrt 1116 based on your reply: Let's say I have 48k of Cdn income for one month in Canada which all can be categorized as WAGES. Is it correct to use 2555 to get FEIE of about 48k/12=4k and then use form 1116 to claim FTC ...
- Tue Feb 10, 2015 6:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Repaying HBP as non-resident and US tax return
- Replies: 3
- Views: 2514
Repaying HBP as non-resident and US tax return
Hi, Early 2014 I left Canada and now I am a US resident, I am trying to optimize my tax returns for both Canada and US but it seems there is a number of hypothesis and each has a different outcome (I am using TaxAct for US filing and Ufile for CRA filing): -My understanding is that I have two option...
- Wed Feb 05, 2014 10:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deemed non-resident of Canada clarification
- Replies: 3
- Views: 2194
Thank you so much for your invaluable insight. Now my follow up questions are: 1) Given that my US employer has a Canadian subsidiary and I have to travel to our Canadian office periodically during this transition period, is it still causing a problem to consider myself as a deemed non-resident of C...
- Wed Feb 05, 2014 10:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Deemed non-resident of Canada clarification
- Replies: 3
- Views: 2194
Deemed non-resident of Canada clarification
Hi, I have recently moved to the US to work under a 3-year TN visa for a US based company (Jan 27 to be exact). My wife and two kids will join me later this year in June. I have sold my house in Canada on Dec 2013 and just received an accepted offer to purchase a house in California (to be closed in...