Serbinski Accounting Firms

Thanks, Nelsona. I got a better return with a foreign tax credit with my actual RRSP amount of 37k (100k was just an example). I accidentally plugged in the Gross RRSP amount as income in the form 1116 along with 25% CRA tax. This gave me an unexpected huge return. Wondering why I shouldn't use the ...

I need to report my RRSP withdrawal to IRS. Reading this forum I summarized the following as an example: RRSP value is: 110k USD RRSP value when I left (Emigrate) from Canada to US:100k USD CRA withhold: 25% of 110k= 27.5k In TaxAct: - Will report Taxable pensions and annuities: Foreign pension rece...

Need little clarification here regarding these 60 days. My husband received his TN on 16th of April but actually moved on 10th of May. What should be the actual moving date for Tax purpose?

My husband moved to US 2 months ago with TN. I'm planning to move in a week as well. We extended our health cards for next 3 years, told child care benefit that we are leaving, transferred all the accounts to TD waterhouse etc. We still have a Canadian line of credit against our house in canada, reg...