Search found 3 matches

by MovedToCanada
Sat Feb 21, 2015 4:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Deemed Appreciation on US Cash for CRA reporting?
Replies: 11
Views: 9180

Thanks Nelsona and sorry if I annoyed you with too many questions.

Maybe someone else can just clarify the following: What if the US dollars were earned or gifted in USD and then used to buy US securities? Is that also reportable?
by MovedToCanada
Sat Feb 21, 2015 1:06 pm
Forum: Canada / United States Tax & Accounting
Topic: Deemed Appreciation on US Cash for CRA reporting?
Replies: 11
Views: 9180

As a follow up question. now I am wondering about back year-filings.

The last time that I made large purchases with US cash in 2011, which is expired (almost expired)? This year I had some USD big purchases too. As a practical matter, does it make most sense to:

1. Going forward: get this year ...
by MovedToCanada
Sat Feb 21, 2015 12:57 pm
Forum: Canada / United States Tax & Accounting
Topic: Deemed Appreciation on US Cash for CRA reporting?
Replies: 11
Views: 9180

My situation is a bit more complicated than the original poster.

Since moving from US to Canada I have kept US cash balances: sometimes small, sometimes large.

The sources of the cash balances include:
1. currency exchange (Use CDN to purchase USD)
2. USD that moved to Canada with me
3. Earnings ...