Search found 10 matches
- Thu Aug 11, 2005 11:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
- Thu Aug 11, 2005 9:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
- Thu Aug 11, 2005 7:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
- Thu Aug 11, 2005 3:13 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
Carson, you're different from Nelson because you might have a better heart...concerned about someone like me. Since you said any amount more than $10,000 would not be taxed; then you basically answered my question. And that confirmed that my posting was tax related. I have no problem with IRS or any...
- Thu Aug 11, 2005 1:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
I was told that the limit of $10,000 is applied to tourists and temporary visitors. For someone like me who's issued an immigrant visa and would live in Canada permanently, this does not apply. I think you guys failed to clarify this. I was just concerned when the limit of $10,000 was brought up. Ok...
- Thu Aug 11, 2005 12:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
I believe this topic that I started was relevant to this forum. It's related to tax. As a landed immigrant, I wanted to know the tax that I would incur and the penalty if I exceed the currency allowed to bring in. To me, it was both complicated and serious. As I explained, my main concern was the fa...
- Wed Aug 10, 2005 6:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
Thanks Mark. The ongoing US-Canada exchange rate is very close. So, if each one brings $10,000 USD...it's almost same as $10,000 CAD. Are you saying that if we bring a total of $20,000 USD for two persons, this amount exceeds the allowed currency in Canada? So, are you suggesting that we bring only ...
- Wed Aug 10, 2005 5:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
Thanks for the advice. You guys are so nice. But let me be frank with you...my wife and I have overstayed in the US and are currently out of status. I think we have a 10 year bar from re-entering the US. What would happen to our $100,000 deposit in the US bank earned from the sale of our home proper...
- Wed Aug 10, 2005 2:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
Thanks guys. Here's the scenario: My wife and I are about to land in Canada from the US. We have sold our house and would be bringing $100,000 USD. We don't have any banking history in Canada and have no account since we have never been there. Our US bank is Wells Fargo. Questions: 1. Since we don't...
- Mon Aug 01, 2005 11:54 am
- Forum: Canada / United States Tax & Accounting
- Topic: Joint Account or Not?
- Replies: 22
- Views: 27707
Joint Account or Not?
My wife and I would soon be landing in Canada. One of the things we need to do is to open a bank account. May I have your kind advice if it's better to have a joint account or separate? Even though this thread is about tax, I hope financial questions like mine is relevant.
Thanks !
Thanks !