Serbinski Accounting Firms

I use Google search as an alternative to the somewhat broken search engine here: put "site:forums.serbinski.com", (no quotes), followed by your search terms, and it will limit to results in these forums.

Hi all, I understand that for a Canadian citizen living in Canada who works on a contract basis there can be significant advantages to incorporating and running the contracts through the corporation. As I understand it, the income is then taxed at the lower corporate rate going in, and the contracte...

Hi JGCA, thanks for the reply. That confirms what I was thinking.

Thank you, Nelsona. Very helpful to get confirmation.

Hello, I'm a US/Canada dual citizen. I currently live in Quebec. I have an opportunity to do some work for a company based in Oregon and I'm curious if my understanding here is correct. All work would be performed remotely, in Quebec. I would be a contractor. Am I correct in thinking that I simply s...

Thanks!

Nelsona said: Well, you do need to consider US expatriate and estate tax, but by treaty, Roths, since they will not be subject to income tax in US (and thereby Canada) as long as you make no contribution to them after becoming Cdn resident, and you dutifully file the yearly statement with CRA after ...

Thanks again Nelsona. I just realized that I was in the US less than 183 days (started my job mid-year) so I think the treaty applies here?

Do I use 1116 Re-source to move it all to Canadian source and thus get credit for all tax on employment income?

Nelsona, thank you for the quick reply. So I use 1116 on 1/3 of the income, paying US tax on the rest. Can I take a Canadian credit for this or am I simply going to be subject to double taxation on 2/3 of the income?

Hi, I'm fairly new to this, so please let me know if I'm omitting important information here. <ul> <li>I'm a dual citizen of Canada and the US</li> <li>I live in Canada</li> <li>I work for a Canadian company with T4 income and Canadian tax is withheld</li> <li>I often travel the US for business (in ...