Serbinski Accounting Firms

I have reviewed. We sold our house (and closed the sale) a few months prior to my wife moving to the US. It was the only house we owned and our only principal residence which we owned for 4.5 years.

At the time of my wife's departure (september 1st) and my departure (December 31st) the only asset ...

Neither of us have any investments. Only cash mentioned above.

Oh so on my final return I have to disclose my cash savings?!

She didn't work in 2015 in neither in US nor in Canada, so she won't be filing taxes on either side of the border, so I suppose her departure date won't matter?

We sold our house in the beginning of the year. Also I transferred $110k USD into her US account at the beginning of the year. So there ...

My wife, unemployed, is a USC and returned to the US in August.

I am going to enter the US, activate GC on January 1st (so departure date on final CRA return is December 31st)

I have now sold everything I own (house, car etc)

During 2015, we transferred about $110k USD into wife's US account.

1 ...

1. I would like to suggest another solution, and perhaps nelson can confirm if this is a good idea.

After some research, I found one bank (EverBank in Florida) which allows you to hold CAD. It is a fully FDIC insured bank, which offers all standard banking services, as well as an account called ...

I probably need to have a Plan B, just in case if my spousal visa stamp is delayed till beyond January 1st. (I read, sometimes embassy can be delayed)

For example, if I show up to the border on January 10th or 20th, putting date of departure of December 31st would be out of question?

The following ...

Yep, all sounds good.

No, didn't spend that much time.

To confirm: on the final CRA T1 return, when entering "date of departure", I will be able to enter my factual date of December 30 or 31st, provided I do the 1-3 mentioned above.

(p.s.: Thank you so much for sharing your insight. On a separate ...

So, from what you're saying I understand that I can become US tax resident on January 1, 2016 but cease being Canada tax resident on December 31st, because my Canada departure is factual and not when I physically step outside of Canada?

In that case, I would prefer it to be at the end of December ...

I should receive my spousal visa stamp in December, I will have an option of activating my US status and move on December 31st or January 1st (at Toronto airport, before flying to US).

I'm wondering which is a better day to cease being Canadian tax resident?

I'm thinking if I enter US on December ...