Serbinski Accounting Firms

nelsona, THANK YOU SO MUCH!

I looked at your calculations and was finally (with your guidance) able to do my own inside Ufile.ca.

Now we will consider what you said about pulling 20K or 40K. Technically, since we have a business all income can go either under my name or what's more probable be ...

We're not smart enough to even fill out 217 properly...

First part asks for:

"Canadian source income not reportable on NR return" and gives 3 options

[b]Net interest and other investment income

Net rental income

Other income[/b]


We input say 20K for other income.

Next is "Foreign source ...

nelsona,

We can't figure out how to make both selections: emigrant and s.217 in Ufile.

I guess what we can do is assume that emigrant status doesn't change anything because of 0 income anyway and just run the numbers with "deemed resident s.217", will this be accurate?

Thank you for super quick ...

Yes, RRSP manager was informed.

What makes it easier is that for these 45 days in 2015 she had 0 income and all her income started after she came to US.

For 217 + departure tax guide, CRA website mentions it and gives a link, but once I get there it gives no additional information, just explains ...

Also, one more thing that complicates the situation is the fact that my wife moved in Feb 2015. Meaning she was a resident of Canada for about 30-45 days, though she didn't have any Canadian or foreign income in these 30-45 days. Can she file as non-resident s.217 in that case?

Thanks!

nelsona, really sorry to bother you again, but we need your help

When I use the UFILE software it gives me choices of T4s and I assume the only T4 she will get is T4RSP. Since we've never seen this form (she only showed me regular T4 from previous years and it's not the same).

I'm taking a wild ...

Thank you! Didn't know about 90% rule. Will be running software today.

Thank you nelsona!

So if I understand it right, we probably have a chance to have both our personal exemptions minus what we've earned. So for simplicity, if personal exemption is 10K and she earned 4K, she can withdraw:

20-4=16K tax free (no medical expenses and I earned 0). We will check it with ...

Dear forum, we need your help.

Me and my wife live in US and she's Canadian citizen. For year 2015 we had minimal income (around $4000, mostly living on our savings and reinvesting all the profits back in our business, so that's how personal income is so low).

My wife has around 40K CAD in her ...