Search found 3 matches

by emma3281
Wed May 06, 2015 3:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Section 217 World Income
Replies: 6
Views: 3519

Thanks again.

I am retired and have been using sec. 217 for the last 3 years. Wife has gone to part time with extremely small income (5-8k) and so we are doing sec 217 for the first time with her.
by emma3281
Wed May 06, 2015 2:34 pm
Forum: Canada / United States Tax & Accounting
Topic: Section 217 World Income
Replies: 6
Views: 3519

Thank you Nelsona for the info.

One other question if I may . Are premiums paid for Obamacare medical insurance and other U.S. medical expenses deductible on my Canadian return?

It seems to be too good to be true if they are. It would be a substantial deduction.
by emma3281
Tue May 05, 2015 11:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Section 217 World Income
Replies: 6
Views: 3519

Section 217 World Income

Apologies if this has been covered in another thread.

My wife and I are Canadian permanent residents of the U.S. We have been withdrawing from our Cdn RRSPs. Our Canadian broker withholds tax at a rate less than 25% because we filed CRA form NR5.

Each year we file a Canadian tax return and make a ...