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I'm itemizing in Turbotax. I go through all the steps in the foreign tax credit section, put in the amount paid to the CDN govt and nothing happens to my tax burden.

Yes when I attempt to take the tax (about $3000) paid to Canada as a deduction vs a credit, Turbotax doesn't give me anything in terms of lower taxes to the Fed.

Thanks again for all this help!

Hi Nelsona,

One last question. In the foreign taxes credit section of Turbotax, when I add the taxes we paid to the Canadian govt for the RRSP withdrawl (25% of 13,000) my tax burden this year doesn't budge. Am I doing something wrong?

Also, I don't understand why the US government would be giving ...

Perfect, that makes sense. Great we'll go ahead and report that taxable portion.

My wife is actually preparing a 2011 Canadian tax return to establish that she severed residence in that year, so presumably would form 217 be an option for us this year? Or do we need to file for '13 or '14?

She has ...

Nelsona thanks so much for your explanation.

So my wife was living outside the USA and Canada up until 8/2013 when she came to the USA as a tourist. We ended up getting married in 11/2013 and she was finally granted her permanent residence in 8/2014.

Since she couldn't work most of 2014, we ...

Hi Everyone,

We are doing our US taxes a bit late this year (already filed for an extension) and we have a question that should be super simple, but I simply cannot find the answer anywhere on the internet.

My wife (Canadian) became a permanent resident last year in the USA and took about 13k ...

Yes she is sure she can access her pension from her former employer, which says that the pension becomes unlocked once she is no longer a resident of Canada.

And then wasn't sure if I should put myself anywhere in the financial picture. E.g. with the medical, we have 5k in medical premiums for her and I alone which I pay through my employer. Could she take that as a deduction? Seems she would otherwise want to file solo so my income isn't taken into ...

wow you're better than me in figuring out the ufile.ca interface. I've setup a return for her, but don't know where to enter the following three:
1) Income from her part time job in the USA, total amount 7500
2) Pension redemption from Standard Life of Canada, total 9800
3) RRSP withdrawl, which ...

Great, and then to redeem the rrsp... my wife will call Standard Life of Canada and they will say "25% tax" must be taken, so would the 15% come into play next year, after filing the canadian return with form 217, and arive in the form of a refund/rebate?

Okay that sounds great.

One website said your RRSP withdrawl would need to be "approximately 90% of your income for the year" for the form 217 to work, so we were discouraged by that.

By after reading Nelsona's post, I went and found this:

"The non-resident can choose to make a section 217 ...

Typing on a cell phone, meant to say: "We realized recently that last year would've been the time for her to redeem the rrsp since she has no other income, thus allowing for the 217 route. "

Nelsona thanks so much for this clear information.

We realized recently that last year would've been here forever to redeem the rrsp since she has no other income, this allowing for the 217 route.

She will only have about 7k in income this year at her new part time job. With such small income ...

And apologies for my spelling mistake in the title, meant it to read: "How to bring my RRSP into the USA."

Hello,

And apologies if this is an oft asked question. I took some time to read other threads, but can't quite find the answer to my specific situation.

I am American and my wife is in the process of becoming a permanent resident (about to have first post-marriage interview with USCIS, after which ...