Search found 6 matches

by sarah88
Wed Feb 18, 2015 10:45 am
Forum: Canada / United States Tax & Accounting
Topic: Paying canadian and usa taxes with canadian mutual funds tfs
Replies: 4
Views: 2549

I'm on a TN. I thought I would get a t5008 slip that would be used for reporting my gains? http://www.cra-arc.gc.ca/E/pub/tg/rc4169/rc4169-14e.pdf

When I say universoty job - I mean that in Canada I am still a part time student. Since I am funded through my supervisor - the way the paperwork goes ...
by sarah88
Wed Feb 18, 2015 7:00 am
Forum: Canada / United States Tax & Accounting
Topic: Paying canadian and usa taxes with canadian mutual funds tfs
Replies: 4
Views: 2549

Paying canadian and usa taxes with canadian mutual funds tfs

I moved from Canada to the USA in May 2014. From Jan-May 2014 I was a full time student (paid tuition and earned small income in Canada). And from May-December I worked full time in the USA and was a student part time (paid tuition and earned a very small amount of moneys rom the university).

I ...
by sarah88
Tue Feb 10, 2015 11:09 am
Forum: Canada / United States Tax & Accounting
Topic: Transfer Savings in Canada to US funds?
Replies: 7
Views: 3604

What a bummer - seems like a bit of a waste to have 30,000$ just sitting in a chequing account!
by sarah88
Tue Feb 10, 2015 12:15 am
Forum: Canada / United States Tax & Accounting
Topic: Transfer Savings in Canada to US funds?
Replies: 7
Views: 3604

Transfer Savings in Canada to US funds?

I have a small savings sitting in a Canadian savings account. I just moved to the USA for a job, and plan to be here for at least the next 5 years, but do not know what I will be doing after.

Does it make sense to transfer that CDN money to a USA account (or (Roth)401k)?
It seems like I'll get ...
by sarah88
Tue Feb 10, 2015 12:01 am
Forum: Canada / United States Tax & Accounting
Topic: Canada and USA taxes while earning money in both countries
Replies: 3
Views: 2263

Thanks,

Will close my TSFA immediately.

As for the 401(k) both roth and non roth. if I were to leave the USA and go back to Canada in 10 years, would that money stay in the 401(k) until I am 59.5? Or is it an easy transfer to an RRSP.

Additionally, why do you favour the Roth (and it that you ...
by sarah88
Sun Feb 08, 2015 6:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Canada and USA taxes while earning money in both countries
Replies: 3
Views: 2263

Canada and USA taxes while earning money in both countries

I am currently living in California with a full time job on a TN visa. I moved to California in May 2014, but am continuing to finish my Masters degree in Canada part time (and having it paid for by my supervisor).

I know that I will need to file taxes for both countries, and have a few questions ...