Serbinski Accounting Firms

Thank you. I approached it wrong. I put the 10% on line 53 instead of line 55. I'll change that and erase the info I entered on page 4 in the capital gains section.

I had entered the tax withheld at source on line 66. Should that now be entered on line 59 since I have a 1042-S?

One last question ...

I just realized I should have written my question more clearly. I know I enter Canada as the country. Are my capital gains from a Roth IRA effectively connected or not effectively connected? Which section do I write my capital gains into, if either? As well, it asks for the tax treaty article ...

Your advisor is dead wrong, unless you haven't waited five years since the Roths inception.

A 1040Nr should be filed, only the growth will be reported as taxable income, the 10% penalty will obly be only on the growth , and the rest of your withholding you will get back.

You will have nothing to ...

I'm a Cnd living in Canada. i cashed in my Roth IRA because of the reporting issues here and because I was getting nickle and dimed on fees because it wasn't growing above the level required to avoid excessive fees.

Vanguard sent me a 1042-S showing that they had withheld 30% US tax. My advisor ...

You cannot use your 401k to help with the mortgage downpayment without taking an early withdrawal penalty. If you had a Canadian RRSP and you were buying the home for yourself and it was your first home, you could use your RRSP with the downpayment I believe, but your 401k won't help with this ...

I have a Roth IRA worth $5200. I'm Cnd, back in Canada, and plan to stay here. I'm trying to decide if I should cash it out now given what I've read here about capital gains and Cnd taxes.

I put $4500 into the account. I believe it was worth around $3800 when I moved to Canada in late 2002 and now ...

Thanks for the info.

I've read the posts here but I'm still learning about social security.

I'm 40, Canadian. I lived and worked in the US for almost 11 years, so I have met the 40 quarters rule. I plan to remain in Canada for the rest of my life and work until age 60. This should give me 28-30 years working in Canada ...