Search found 12 matches

by monana
Sat Oct 10, 2015 9:58 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

I dont think my line of work qualifies as a contractor. The US regulations are very strict on the definition.
what are the costs/legalities associated with setting up a canadian payroll?
by monana
Sat Oct 10, 2015 9:30 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

This is probably impossible, but what if I stay as employee and cover the EI and CPP myself? (including company's contributions), do they still need a canadian payroll?

Or again, just drive across the canadian border for work....
by monana
Sat Oct 10, 2015 9:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

I am an employee. But if I switch to independent contractor, I wouldn't need to pay EI, correct? The other two solutions would be to put on a canadian payroll (but how? They are not in canada nor do they conduct business here. Would this cost them a lot?) Or, to drive 3-4times a week to US border an...
by monana
Sat Oct 10, 2015 5:08 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

Thanks for your reply. I applied for a re-entry permit and got "permission" to be away from the US for 2 years. I am also maintaining significant ties and a residence in the US. According to USCIS as long as I don't show intent to renounce my green card and return in due time while paying ...
by monana
Sat Oct 10, 2015 2:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

Thanks for your insight! So what happens now with all the wages I have earned so far and the taxes I have paid to the US? I WANT to be paying US Social security, not CPP, as I fully intend to move back and retire in the US. I also worry that being a contractor may be an issue as a green card holder....
by monana
Thu Oct 08, 2015 4:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

Hmm I doubt they can do a Cdn payroll. They are US based and have no clients in Canada. All my clients are in the US.
Switching from W2 to contractor will probably be a huge deal for them...
I am required to travel to the US, but not a weekly basis, more on a "seasonal" basis.... hmmmm
by monana
Thu Oct 08, 2015 2:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

Dear nelsona, So upon reading a bit more I became aware of the "source of income" issue. I am a full time exempt employee for a US based company. I get paid in the US (US bank account, etc). I do 90% of my work from home (Canada), but all my employment information is based on my US residen...
by monana
Fri Oct 02, 2015 2:57 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

Yeah, I have been reading some and I'm super overwhelmed! So does this mean that I will most likely have to end up paying a tax in Canada? Is it pretty much them seeing how many taxes I paid in the US vs how many I would pay in Canada for the same income and then I pay the difference after tax deduc...
by monana
Fri Oct 02, 2015 1:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

By the way, do I need to file for Canadian taxes as well? Do I qualify for anything similar to the 1116/2555 in Canada so as to not get double taxed?
Thanks!
by monana
Fri Oct 02, 2015 1:16 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

Sorry about the quote! I noticed it when I posted the reply. Not really. I haven't even been told to switch at all, and I still have my US residence, job, bills, and plenty of ties in the US as to not get my GC revoked on that end. The only reason was because I was afraid that filing for an extensio...
by monana
Fri Oct 02, 2015 1:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

[quote="nelsona"] 1. What income would you be considering eligible for 2555? Only my husband's. My income is 100% US based. 2. Of course. Almost all US citizens use 2555 while living abroad. No eefct on you. 3. Does your son have healthcare? In any event, foreign residents are absolved of ...
by monana
Fri Oct 02, 2015 11:43 am
Forum: Canada / United States Tax & Accounting
Topic: Re-entry permit vs. commuter green card tax implications
Replies: 23
Views: 12150

Re-entry permit vs. commuter green card tax implications

Hello! 1- Can a commuter green card (GC) holder file form 2555 without fear of having their GC revoked? I currently have a re-entry permit and I am considering applying for a commuter GC just to easy our tax situation (I have a US job with seasonal commuting) 2- Also, can my husband, a US citizen em...