Search found 4 matches

by chicagobuy
Sun Feb 03, 2019 12:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Part year resident Tax in Canada and US - When to move to US
Replies: 6
Views: 3064

Re: Part year resident Tax in Canada and US - When to move to US

Hi Nelsona, thanks for your help earlier. This was my situation in tax yer 2016: Worked in Canada from Jan 1 to July 10 only Canadian sourced income - paid taxes to CRA Moved to US on July 11 until the end of the year (doesn't meet SPT in 2016 but meets SPT in 2017) and only US sourced Income I am m...
by chicagobuy
Wed Mar 09, 2016 3:55 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP dedcution allowed for the year that you move to US?
Replies: 7
Views: 2886

nelsona,

Thanks for your answer.

I am with Questrade and they have said that they can work with US residents. Based on your previous replies to other people I might change it to TD waterhouse since they have substantial prescence in US/Canada.
by chicagobuy
Wed Mar 09, 2016 1:52 am
Forum: Canada / United States Tax & Accounting
Topic: RRSP dedcution allowed for the year that you move to US?
Replies: 7
Views: 2886

RRSP dedcution allowed for the year that you move to US?

I am planning to move to US for a 3 year term. I have maxed my RRSP limit for 2015. I plan to move to US in around June 2016. I do understand that I can not contribute to my RRSP after moving to US. Is it okay if I contribute to my RRSP up to the full 2016 RRSP limit? This way I can decrease my tax ...
by chicagobuy
Wed Mar 09, 2016 1:47 am
Forum: Canada / United States Tax & Accounting
Topic: Part year resident Tax in Canada and US - When to move to US
Replies: 6
Views: 3064

Part year resident Tax in Canada and US - When to move to US

Hello everyone! I have a question about the tax both in Canada and US. I will be moving from Canada to US in around June 2016 for a 3-yr term. I will cut all the residential ties from Canada (close all the accounts, no house, spouse or property in Canada except an RRSP). My question is does it matte...