Search found 12 matches
- Mon Apr 27, 2020 1:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US Citizen PR in Canada 2555 question
- Replies: 1
- Views: 1596
US Citizen PR in Canada 2555 question
Working in Canada with the T2200 form from employer for home office. I deduct the home office expenses on my Canadian return, but am curious if there is any point to including home office expenses on my US return since I'm excluding income as a bona fide resident. I see US forms 2106 and 2555-line 4...
- Mon Nov 28, 2016 9:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: PR "landing" implications to CDN residency
- Replies: 1
- Views: 1135
PR "landing" implications to CDN residency
If a USC is approved for PR, but wants to take 10 to 12 months to pack/clear up their home and put all their financial affairs in order, can they choose CDN residency to start when they permanently move even if they "land" in CAN to clear immigration (and get PR card) much earlier? I.E. Fa...
- Sat Nov 19, 2016 2:44 pm
- Forum: Canada / United States Tax & Accounting
- Topic: USC back in US after temp work in CAN; CRA filing rqmts?
- Replies: 1
- Views: 1161
USC back in US after temp work in CAN; CRA filing rqmts?
USC currently living and working in USA. I have always filed a full 1040 and met all US rqmts including world income and foreign accounts. Until Oct 2014, I never lived outside the US. I owned our US residence which sold Feb 2015. On Oct 15, 2014 moved with wife and child to Toronto for work under 3...
- Tue Mar 22, 2016 11:35 am
- Forum: Canada / United States Tax & Accounting
- Topic: USC working in CAN returning to US this year
- Replies: 3
- Views: 1567
- Mon Mar 21, 2016 6:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: USC working in CAN returning to US this year
- Replies: 3
- Views: 1567
USC working in CAN returning to US this year
I'm a USC working under a work permit in Can and been a CR since Nov 2014. I plan to return to the US this year and wonder what the tax and filing requirements will be and whether I should plan to be in Can, or the US for >183 days. I expect to locate and rent a US apartment in April, or May. My Can...
- Thu Jan 21, 2016 11:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Roth IRAs in Canada...
- Replies: 5
- Views: 2290
- Thu Jan 21, 2016 7:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Roth IRAs in Canada...
- Replies: 5
- Views: 2290
- Thu Jan 21, 2016 4:24 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Roth IRAs in Canada...
- Replies: 5
- Views: 2290
Roth IRAs in Canada...
I want to convert some of my US IRAs to Roths for 2016 and 2017. It looks like I need to leave Canada and work for a US employer for those years if I don't want to be overly taxed on those conversions. Do I understand this correctly?
- Sun Jan 17, 2016 10:31 am
- Forum: Canada / United States Tax & Accounting
- Topic: CRA Rqmts for USC Living in Canada via 3yr Work Permit
- Replies: 5
- Views: 2377
Much obliged. I'm curious about Nov 1 as the start of Cdn Res vs the arrival date Oct 15. The tax form appears to have a place for arrival date. Does the CRA see the Oct 15 and determine Nov 1 as the Res date? Zeroing of gain should be as of which date? From their newcomer info it looks like no T113...
- Sat Jan 16, 2016 2:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: USC "temp" Cdn Resident; cleaning up finances
- Replies: 0
- Views: 1623
USC "temp" Cdn Resident; cleaning up finances
I'm a USC, CR from late 2014. Since my CR was/is temporary with just under 2 years left I didn't/haven't changed much with my US (Living Trust) and personal/joint accounts. With the additional tax/reporting rqmts, and since I will likely apply for an extension, it seems a good idea to "simplify...
- Fri Jan 15, 2016 9:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CRA Rqmts for USC Living in Canada via 3yr Work Permit
- Replies: 5
- Views: 2377
- Fri Jan 15, 2016 5:26 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CRA Rqmts for USC Living in Canada via 3yr Work Permit
- Replies: 5
- Views: 2377
CRA Rqmts for USC Living in Canada via 3yr Work Permit
For an inter-company transfer I arrived in Toronto on Oct 15, 2014 with family and received work permits for me and the wife, and the necessary visitor record for our child. The permits are good for 3 years. We moved into an apartment in early Nov. We've never lived in Canada before. My US income ce...