Search found 12 matches

by April
Sun Jun 14, 2020 4:45 pm
Forum: Canada / United States Tax & Accounting
Topic: T1161
Replies: 1
Views: 951

T1161

Hello, Just wondering if i should have filed T1161 for my house, for tax year 2017... here is my case: left Canada Nov 2011 (sold house prior, did not file T1161) moved back to Canada July 2015 (bought a house Dec 2015) left Canada Aug 2017 (did not sell house) moved back to Canada Oct 2019 (still o...
by April
Wed Aug 16, 2017 10:08 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving to US on L2 visa (work remotely for my canadian co)
Replies: 9
Views: 6710

Hello, So we made the move to CT, USA and recently found out we're expecting (due in March 2018). I am working for CanCo (remotely), and still paid in CAD$ and paying Canaadian taxes. Based on what I read, I would still be eligible to file EI benefits, ie. maternity... Would it be best to keep Canad...
by April
Wed Jun 21, 2017 10:58 am
Forum: Canada / United States Tax & Accounting
Topic: Moving to US on L2 visa (work remotely for my canadian co)
Replies: 9
Views: 6710

Thank you so much for your reply, to clear things up for me though, below are my options, the first one being best? 1. work for Canco as contractor, paid in CAD $, CanCo will not withold tax, I will pay my own US taxes 2. work for Canco an an employee (no changes to current status and benefits, ie p...
by April
Tue Jun 20, 2017 1:10 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving to US on L2 visa (work remotely for my canadian co)
Replies: 9
Views: 6710

Just a follow up question...in order for my company to move me to US payroll, I will need to wait for my EAD, can I still work for my company (remotely in the US) while waiting for the EAD? My understanding is it can take up to 90 days. I am hoping there will be no interruption in my work duties. We...
by April
Tue Jun 20, 2017 12:41 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving to US on L2 visa (work remotely for my canadian co)
Replies: 9
Views: 6710

Thank you so much for all the clarification nelsona, CanCo has offices in the US including HQ so they will have to transfer me.
by April
Tue Jun 20, 2017 10:31 am
Forum: Canada / United States Tax & Accounting
Topic: Moving to US on L2 visa (work remotely for my canadian co)
Replies: 9
Views: 6710

Moving to US on L2 visa (work remotely for my canadian co)

Hello, We are moving to the US this summer. My husband has an L1 and I can get and L2. My canadian company is allowing me to work remotely (work from home). My question is, is this possible legally and what would be the tax implications in staying in Canadian payroll. Also, would I still need to get...
by April
Wed Jun 10, 2015 2:28 pm
Forum: Canada / United States Tax & Accounting
Topic: TD status going home, spouse will stay in US on TN
Replies: 6
Views: 3411

Thanks Nelsona It will be easier for him to visit us in Canada than for us to visit him (NY to Toronto). So I guess it's better for him to do Canadian residency as well (all at the same time). In this case, what is that best option for tax filing? Can we still do the full year joint 1040, then as Ca...
by April
Thu Jun 04, 2015 11:37 am
Forum: Canada / United States Tax & Accounting
Topic: TD status going home, spouse will stay in US on TN
Replies: 6
Views: 3411

I see what you mean, so for this year's tax filing, should we file a joint 1040 (NR or dual status?), then apply the foreign tax credit on our Canadian return? Would he be able to still claim us as dependents on the US tax return? we have a house in the US, I'm not sure what the impact would be when...
by April
Thu Jun 04, 2015 10:59 am
Forum: Canada / United States Tax & Accounting
Topic: TD status going home, spouse will stay in US on TN
Replies: 6
Views: 3411

TD status going home, spouse will stay in US on TN

Hello,

My family moved to US in 2011 under TD (kids & I) and TN (husband). I found a job in Canada and the kids & I are moving back to Canada this summer and will be re-establishing our Canadian residency. Will my husband remain a non-resident in Canada and resident in the US?

Thanks
by April
Tue Apr 08, 2014 8:44 pm
Forum: Canada / United States Tax & Accounting
Topic: How to report NR4 on 1040
Replies: 5
Views: 3487

got it... thanks

1 more question though... should we be paying a penalty to CRA for this... the excess is about 23k (I know, bad advise from TD waterhouse), I guess I should have asked CRA rep when I spoke to him earlier too, but then again, their info is not too reliable
by April
Tue Apr 08, 2014 5:24 pm
Forum: Canada / United States Tax & Accounting
Topic: How to report NR4 on 1040
Replies: 5
Views: 3487

thanks for your reply.... I will look into 8833... but to clarify though... the withdrawal is not subject to tax as income? or besides entering it on 7a... do I need to enter it somewhere else on the 1040? With regards to the tax return in Canada, I wasn't too confident the rep knew what he was talk...
by April
Tue Apr 08, 2014 2:25 pm
Forum: Canada / United States Tax & Accounting
Topic: How to report NR4 on 1040
Replies: 5
Views: 3487

How to report NR4 on 1040

Hello... My husband is on a TN status, moved to US in 2011 (Canadian citizen)... back in 2011 tax year, before we moved to the US, he accidentally made an over contribution on his RRSP. The over contribution were taken out in March 2013 from his RRSP account. There was no tax withheld by CRA (he has...