Serbinski Accounting Firms

Awesome. You have been more than helpful.

but doesnt the 1040 NR also declare me as a non-resident of the US also?

Sorry I ment 1040-NR

[quote="nelsona"]You situation is simple, since you are moving near the end of the year.
You will file a departure return for Canada with October departure date.
In US you will file a 1040NR reporting only your US income for the year. It shouldn't be difficult to do. Would be more difficult if you ...

I am an employee so it seems I would completing a W4.

I moved to the US in October of 2015. I do have TFSA and other savings in Canada that I was planning on liquidating before 2016.

I am in the US on TN status.

For 2015 I will be a tax resident of Ontario Canada and a non-resident alien of Washington state.

I am wondering if I should be filling out a W-4 with my employer or Form 8233?

I will be filing an exit tax return with Canada for 2015 and a 1040NR with the us govt for ...

Ok I see what you are saying, although it appears if I have more than $10000 in foreign assets I will have to fill out the FinCEN form and if I have more than $50000 in total foreign assets I will have to fill out Form 8938

It seems if I maintain a foreign bank account I would still have to ...

Ok great, thanks for all the help.

When you say there is no longer a form to report RRSP does that mean it does not get reported?

Thanks for all the help, sorry if my questions seem naive.

So from what I understand, for the 2015 tax season I will file my taxes in Canada as normal but declaring emigration. In the US I would file a non resident claim. In the 2016 tax season I would file file taxes in the US as a resident. If I ...

Ok a few more questions, if I am filing a departure return, does that mean I am declaring my self a nonresident of Ontario, does that mean I have to sever all ties with Ontario, canceling my drivers license ect. After 2-3 years I am planning to return to Canada. I am not sure I want to liquidate 60k ...

Thanks for the reply, right now I have a significant amount of money in my tfsa, if it is easier to not have a tfsa while working abroad, then what should I do with my Canadian savings ~60k.

Hello,

I am a from Ontario Canada and have just accepted a job in Seattle WA. I will be relocating to the US for 2-3 years. I am trying to figure out everything I need to do tax wise so that I make sure I report everything correctly and save as much money as possible.

My situation:

Working and ...