Serbinski Accounting Firms

Thank you very much for these responses.

Hi all,

I am a US resident with Canadian rental properties sold in 2023 and filing Sec 216, Sec 116 T1-NR and 1040 with Foreign Tax Credit (FTC) claim on form 1116.

I have claimed CCA over the years (including before moving to the U.S) that resulted in a larger recapture on the Section 216 return ...

Yes, I found that the limitation for medical expenses is the 90% rule, they can be claimed if Canadian-sourced income is at least 90% of the world income.

Capital gain is indeed for a sale of Canadian real estate.
And thank you for the note on interest, I got an NR4 and I will be reporting that on a US return.

Thank you nelsona.
I do have capital gains and interest and went to do T1 for Non-residents in UFile.
But as I entered medical expenses (which are more than 3% of net income), they seem to be ignored. Wondering if it is a software issue or there is some other criteria in effect.

Hi all,

Can a NR Canadian living in U.S. claim any of medical expenses, disability, infirmity or caregiver amounts on a T1-NR or Section 216 return when reporting sale of rental property?

These do appear to be selectable in the Ufile software but entered amounts do not seem to take any effect ...

Thank you very much.

Thank you very much.

Thank you very much.

Hi all,

From 2 other posts my understanding is that when NR sells a rental property in Canada, in addition to T2062, T2062A, and a Section 216 return, NR should also file T1 as an NR to report capital gains/loss on the property (Section 116 return?).

Is my understanding correct?

Can anyone ...

Sorry, I didn't mean to drag this out.

The shares were bought in the initial offering, now it is hard to find a buyer.
What a headache for so little value.

This is what my wife says, this is my wife's account and I can't blame her for taking this approach. She wants to be a NR for 2013 in the US, if possible. She figured that as she ...

Thanks a lot for the options. This TFSA "trustee" is actually willing to open an RRSP account and put the shares in, they do have value, some $1400 currently. There is enough contribution room.

Sure, this investment is shares in a private oil company, not traded in public markets. Shares lost a lot of value, so noone is willing to buy.

I called them and tried to get a definition from them, the only thing I got is that they interpret it as "not a trust" but they cannot claim it in terms of IRS definition.

They said it is possible to do withdrawal-in-kind and then a contribution-in-kind into an RRSP account, and then close the ...