Search found 4 matches

by alitxtx
Mon Feb 22, 2016 11:22 pm
Forum: Canada / United States Tax & Accounting
Topic: TFSA deposit account still considered a foreign trust?
Replies: 3
Views: 3287

I am still a bit confused about this. Who is considered a "TFSA manager"?

I am a US resident since 2015. I made a visit back to Canada in Aug. 2015 to close my TFSA. The type of investment is a non-redeemable GIC, and the issuer is Bank of Nova Scotia. No where on the terms does it mention "trust ...
by alitxtx
Mon Jul 20, 2015 7:49 am
Forum: Canada / United States Tax & Accounting
Topic: Becoming non-resident and closing TFSA
Replies: 11
Views: 9561

Becoming non-resident and closing TFSA

Hi there,

I moved to US from Canada in November 2014. I have declared my non-resident status on my Canadian return for 2014. One thing I did not do is close my tax free saving accounts. I have not yet finished doing all my research, but I am planning a trip back to Canada to do everything I need ...
by alitxtx
Sun Mar 08, 2015 12:53 am
Forum: Canada / United States Tax & Accounting
Topic: Filing as a Canadian resident with US income on TN-1
Replies: 4
Views: 3282

Thanks for the quick reply! Some further questions:

1. Is it correct that if I am declaring my departure on my return, I will have to paper file the return?

2. Is there anything I should be aware of regarding to "departure tax", or any consequences/considerations?

3. Is it best for me to use up ...
by alitxtx
Sat Mar 07, 2015 1:10 pm
Forum: Canada / United States Tax & Accounting
Topic: Filing as a Canadian resident with US income on TN-1
Replies: 4
Views: 3282

Filing as a Canadian resident with US income on TN-1

Hi, thanks for the useful information on this forum.

I think there isn't anything unusual with my case, but I want to confirm my understanding:
- Single with no dependent.
- Was in US for 173 days in US 2014 (including partial 2013 and 2012).
- Moved to US in the end of Oct. on a TN-1, notified CRA ...