Got it.
Thanks a lot for you help.
I think this will be very helpful for several people in my situation.
Search found 12 matches
- Tue Feb 14, 2017 12:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP cost base withdrawal
- Replies: 4
- Views: 2444
- Tue Feb 14, 2017 9:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP cost base withdrawal
- Replies: 4
- Views: 2444
Thanks for the clarifications.
Based on your explanation, i should file as follows:
16a. 9200. USD (that's 13000cad that I put in my rrsp prior to moving)
16b. -50$ USD ( about 75cad service fee my bank charged me when I withdrew + there was no interest paid or groth on the account)
Is that correct ?
Based on your explanation, i should file as follows:
16a. 9200. USD (that's 13000cad that I put in my rrsp prior to moving)
16b. -50$ USD ( about 75cad service fee my bank charged me when I withdrew + there was no interest paid or groth on the account)
Is that correct ?
- Mon Feb 13, 2017 10:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP cost base withdrawal
- Replies: 4
- Views: 2444
RRSP cost base withdrawal
Hello, In 2016, we made a withdrawal from our RRSP for an amount less than 10000 USD ( and closed the account ). we automatically paid 25% tax to CRA. This was a fresh RRSP account we opened a year before moving to the US, so there was no interests paid or any gains. I basically just withdrew the co...
- Tue Jan 26, 2016 7:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP simple question
- Replies: 5
- Views: 3280
Thanks for the prompt reply Nelson. Can you please further explain the difference you meant between deduction and credit. I am sorry, I have an engineering background and i want to educate myself. If you know of a reference that I should read prior to posting stupid questions, please advice.. Regard...
- Tue Jan 26, 2016 6:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP simple question
- Replies: 5
- Views: 3280
RRSP simple question
Hello, I have a <10K USD RRSP in Canada, that I still regret I didn't close before moving to the US. My understanding that with that little amount, I do not need to report it as I don't meet the threshold of Form 8938. first question . is this correct ? or should I declare it in 8938 ? I do not have...
- Sun Apr 05, 2015 12:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Should be an easy tax declaration
- Replies: 12
- Views: 7071
Thanks a lot Nelson, Your comments were very helpful. I think I am done with my federal declaration. I prepared a 1040NR with zero income as I don't have any us connected income during my non resident period. I will use this form as as the dual-status statement. I prepared a 1040 reprting my US wage...
- Sat Apr 04, 2015 10:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Should be an easy tax declaration
- Replies: 12
- Views: 7071
- Sat Apr 04, 2015 10:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Should be an easy tax declaration
- Replies: 12
- Views: 7071
- Sat Apr 04, 2015 9:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Should be an easy tax declaration
- Replies: 12
- Views: 7071
- Tue Mar 31, 2015 11:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Should be an easy tax declaration
- Replies: 12
- Views: 7071
- Mon Mar 30, 2015 8:12 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Should be an easy tax declaration
- Replies: 12
- Views: 7071
- Thu Mar 26, 2015 10:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: Should be an easy tax declaration
- Replies: 12
- Views: 7071
Should be an easy tax declaration
Hello everyone, I moved to US with all my family in september 2014 on TN-visa ( TD for wife and kid). I returned my canadian driver license, health card, closed my credit cards and bank accounts, do not have investment or house in Canada. Am I considered as Non resident for tax purposes ( canada ) ?...