Search found 34 matches

by Bubba Gums
Fri May 15, 2020 7:59 am
Forum: Canada / United States Tax & Accounting
Topic: Am I a Canadian Tax Resident?
Replies: 5
Views: 647

Re: Am I a Canadian Tax Resident?

You are a permanent resident of the United States. It sounds like you have a substantial presence in the United States and a habitual abode there. Unless you have a third country with which you have a close relationship, I would say you are a US tax resident and a Canadian non-resident. a. No. If th...
by Bubba Gums
Thu May 14, 2020 8:49 pm
Forum: Canada / United States Tax & Accounting
Topic: Am I a Canadian Tax Resident?
Replies: 5
Views: 647

Re: Am I a Canadian Tax Resident?

Are you a US Citizen?
by Bubba Gums
Sat Apr 18, 2020 2:40 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 5574

Re: US government stimulus check

I know the stimulus check is not taxable in the US. Would it be taxable in Canada?
by Bubba Gums
Wed Apr 15, 2020 7:10 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 5574

Re: US government stimulus check

Nevermind my previous post, I was looking at the old bill. Earned income and tax libaility is gone as Nelsona described.
by Bubba Gums
Wed Apr 15, 2020 6:46 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 5574

Re: US government stimulus check

regarding ineligibility if one has reduced there income by using FEIE... One gets the lessor of $1,200 ($2,400) or their net tax liability, unless you are a "taxpayer described." A "taxpayer described" gets $600 ($1,200) + kids. A "taxpayer described" has qualifying income of at least $2,500 or (net...
by Bubba Gums
Sun Apr 05, 2020 2:46 pm
Forum: Canada / United States Tax & Accounting
Topic: US government stimulus check
Replies: 48
Views: 5574

Re: US government stimulus check

(1) Foreign EARNED INCOME Exclusion. You are not eligible.

(2) "intentionally non-compliant" Hmm I am sure that ends well. "Under penalties of perjury, I declare that..."
by Bubba Gums
Sat Mar 21, 2020 12:39 pm
Forum: Canada / United States Tax & Accounting
Topic: Unemployment benefits for TN visa Job loss
Replies: 8
Views: 1135

Re: Unemployment benefits for TN visa Job loss

There is a treaty between the US and Canada that provides reciprocity for Employment Insurance (Canada) / Unemployment insurance (US).

https://www.canada.ca/en/employment-soc ... anada.html
by Bubba Gums
Sun Feb 09, 2020 11:37 am
Forum: Canada / United States Tax & Accounting
Topic: Income in both US and Canada
Replies: 9
Views: 1336

Re: Income in both US and Canada

It sounds as if you have become a resident of the United States to become a student. Why do you think you are a resident of Canada? Does your income from the US school come from a Canadian source?
by Bubba Gums
Thu Nov 07, 2019 11:35 am
Forum: Canada / United States Tax & Accounting
Topic: Question re: self-employed tax in Canada after immigration to US
Replies: 12
Views: 2701

Re: Question re: self-employed tax in Canada after immigration to US

Your situation looks like it could be addressed by looking at regulation 105 withholding as described in IC75-6R2. https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/ic75-6r2/required-withholding-amounts-paid-non-residents-providing-services-canada.html#P216_31172 Thus ...
by Bubba Gums
Thu Sep 05, 2019 8:47 am
Forum: Canada / United States Tax & Accounting
Topic: RIF withdrawals, US taxability
Replies: 3
Views: 534

Re: RIF withdrawals, US taxability

Your non-taxable portion is considered an "Investment in Contract," IRC § 72(c)(1)(A). You should fill out the worksheet for each year of contribution, gain and withdrawal here, or create similar.

www.garygauvin.com/WebDocs/RRSP%20Inves ... ummary.pdf
by Bubba Gums
Tue Aug 06, 2019 10:36 am
Forum: Canada / United States Tax & Accounting
Topic: Section 1446 Partnership income ECI witholding in RRSP
Replies: 6
Views: 1720

Re: Section 1446 Partnership income ECI witholding in RRSP

As an update. The form 8805 was never sent. Nonetheless I included it as a credit on line 74 and included an explanatory statement. IRS sent CP11, but international allowed the credit after I discussed it with them by phone.
by Bubba Gums
Sun Mar 17, 2019 2:22 pm
Forum: Canada / United States Tax & Accounting
Topic: Pro Forma 1040 for XXV(4) calculation for US Return 2018
Replies: 15
Views: 1713

Re: Pro Forma 1040 for XXV(4) calculation for US Return 2018

You may not deduct a property tax on your home in Canada on any schedule.

Your Ontario health premium is not a medical expense.
by Bubba Gums
Sun Mar 17, 2019 1:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Pro Forma 1040 for XXV(4) calculation for US Return 2018
Replies: 15
Views: 1713

Re: Pro Forma 1040 for XXV(4) calculation for US Return 2018

You can no longer deduct foreign taxes you paid on real estate.
by Bubba Gums
Thu Jan 31, 2019 1:02 pm
Forum: Canada / United States Tax & Accounting
Topic: Annual FX rates
Replies: 1
Views: 309

Annual FX rates

2018 Annual FX rates are posted. https://www.irs.gov/individuals/international-taxpayers/yearly-average-currency-exchange-rates Something has changed in the IRS calculation. Compare the updated IRS table with historical rates from e.g. https://www.ofx.com/en-us/forex-news/historical-exchange-rates/ ...
by Bubba Gums
Tue Jan 01, 2019 1:31 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian working in US, need file both US and Canada income tax return
Replies: 49
Views: 4397

Re: Canadian working in US, need file both US and Canada income tax return

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