Serbinski Accounting Firms

Hi there, This is urgent: I need advice regarding how H4 dependent college student can obtain EAD for intern purpose. Here is a summary of our current status: 1) I am in H1B 2) My son is in H4 and he just enrolled in UW seattle this September 3) My GC process is in I-140 stage (approval notice on th...

Many thanks Nelson! I am finally ready to put our tax reporting in action. I logged in to TurboTax.ca (just like previous years); but as I went through those interview questions, I began to suspect maybe that's not the software I should use in my case? It asked me questions like "did you pay fo...

Thanks very much for the comments and sorry for the unreadable numbers. Now the question is how do I and my wife file our Canadian tax. I had 0 Canadian income in 2014 and have the T2068 forms to send. My wife worked for 1 month and had about $6,000 Canadian income in 2014 and has the T2068 forms to...

Please: anyone having any advice?

Hi there, My wife and I are preparing for our 2014 tax return (both Canada and US) for the first time, and we could not figure out what to report since the situation seems complicated. Here is our situation: 1. Myself: started to work in US as TN in Oct 2013. (An accountant firm helped me file my 20...

Thanks very much for the information!

Hi there, My wife came to US in Jan 2014 and her Canadian income in 2014 is roughly $4000. She is not having and will not have any other income in 2014. We just bought a home with down payment borrowed from a bank loan about $40K (interest rate 4.5%). My wife has RRSP about $30K in Canada that is no...

Need more help with form T2062A:

Details of property: do I choose “Depreciable propertyâ€￾ or “Real property (other than capital property)â€￾

Amount to put in (1)-(4):
- (1) Proceeds of disposition or capital cost:
- (2) Undepreciated capital cost or cost amount:
- (3) (1) – (2)
- (4) Excemptions:

Details of the sale; here is the re-direction of funds from lawyer: (btw, we bought in 2010 for $350,000)
- Lawyer fees: 1500
- Mortgage discharge: 320,000
- Brokerage commission: 18,500
- Paid to seller: 80,000
- ---------------------
- Total: 420,000

So what numbers should go to (1), (2), and (4)?

Thanks.

Thank you very much guys. I admit I am really bad at such things as taxation. I took a look at those CRA rules and forms, and I have to say I am still a bit confused. It looks like I need to send CRA the compliance request within 10 days of disposition, so let me send them the request today anyway -...

Thanks for the suggestion. Here are more details of my situation. Please give some insights. Filing as a Canadian resident is what's advised by the US accountant, who prepared my US NR tax return. He said I should file as a Canadian resident but does not know the details. As I know, I need to file a...

Hi there, Just filed 2013 US tax return and is preparing the Canadian return. Need help since I am really dumb in taxing. Here is my basic info: - started as TN holder in US in Sep 2013, worked in Canada before that - filed US 1040NR as advised by accountant - will file as Canadian resident for 2013...