Search found 4 matches

by jeff.sunlife
Sun Sep 28, 2014 12:32 am
Forum: Canada / United States Tax & Accounting
Topic: Capital Gains for Returning Canadian with L1 Visa
Replies: 7
Views: 4217

Thanks for so valuable information Nelson
I had multiple accountants advice me (one in US who did my US taxes and then another one in Canada did my Canadian taxes). I do own other companies on bot side of the border so I trusted them blindly! I will have to file 2014 US on my world income which I ...
by jeff.sunlife
Sat Sep 27, 2014 2:15 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital Gains for Returning Canadian with L1 Visa
Replies: 7
Views: 4217

In 2013 I filed 1040 (resident) and included only US portion of my income in US. In Canada, I filed and reported US income and sent 1040 and taxes paid as a result to CRA.

In 2014 I will have to file it as US resident also since I lived in US for more than 183 days during the last 3 years and had a ...
by jeff.sunlife
Sat Sep 27, 2014 9:02 am
Forum: Canada / United States Tax & Accounting
Topic: Capital Gains for Returning Canadian with L1 Visa
Replies: 7
Views: 4217

Thanks for your reply Nelsona.
In 2013 I filed Canadian portion of my income in Canada and US portion of my income in US.
I will more than likely do the same in 2014 since I have most of my income in Canada and some in US.

I have a house in US which I bought in 2013 and I own my house in Canada for ...
by jeff.sunlife
Fri Sep 26, 2014 7:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital Gains for Returning Canadian with L1 Visa
Replies: 7
Views: 4217

Capital Gains for Returning Canadian with L1 Visa

I am Canadian moved to US mid 2013 with L1 Visa. Filed Income Tax in both US (as US Resident) and Canada in 2013. I also worked first 6 months in US, but have returned to Canada and working in Canada. I lived total of 120 days in 2013 and 140 days in 2014 in US. I plan to spend less than 30 days in ...