Search found 11 matches

by frank1867
Thu Jul 07, 2016 10:01 am
Forum: Canada / United States Tax & Accounting
Topic: Prorate Income US/Canada
Replies: 21
Views: 1816

Thanks for pointing me in the right direction. I took a closer look at my pay stubs and it appears the majority of the CPP and EI was paid while I was still a resident of Canada, and almost none afterwards. My employer basically just wrote me a cheque for the work performed in the US, with no CPP or...
by frank1867
Tue Jul 05, 2016 11:12 pm
Forum: Canada / United States Tax & Accounting
Topic: Prorate Income US/Canada
Replies: 21
Views: 1816

Hi Nelsona, I filed my return how you suggested and just received my Notice of Assessment today. Everything was pretty close to what I was expecting except for the CPP and EI overpayment. CRA allowed the deduction on line 256 for the US source income, but did not allow the majority of the CPP and EI...
by frank1867
Fri Apr 08, 2016 12:27 am
Forum: Canada / United States Tax & Accounting
Topic: Prorate Income US/Canada
Replies: 21
Views: 1816

I found the applicable pay stub, which made things pretty easy. I just thought about one more thing that's confusing me. Do I prorate the amount of tax withheld at source and include the applicable amount on the 1040, or claim it all on line 437 of the Canadian return and recover the extra as a refu...
by frank1867
Thu Apr 07, 2016 2:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Prorate Income US/Canada
Replies: 21
Views: 1816

Ok that sounds much easier, thank you for all your help!
by frank1867
Thu Apr 07, 2016 1:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Prorate Income US/Canada
Replies: 21
Views: 1816

Thank you! I departed Canada at the end of July, so wouldn't I get 7/12ths of the 2555 credit? You mentioned 2/12ths above? I'm guessing this was a typo? Yes departure date July 30th and started working in US August 3rd. I was thinking of asking for the letter from my employer because CRA would have...
by frank1867
Thu Apr 07, 2016 9:38 am
Forum: Canada / United States Tax & Accounting
Topic: Prorate Income US/Canada
Replies: 21
Views: 1816

Thank you so much, this is super helpful. Yes was planning to do 1040 for full year with 2555. Will not meet Physical Presence test, so assume I must use Bona Fide residence test. I assume I will only be allowed a prorated portion of the exemption based on the number of days in the US correct? My wa...
by frank1867
Wed Apr 06, 2016 11:48 pm
Forum: Canada / United States Tax & Accounting
Topic: Prorate Income US/Canada
Replies: 21
Views: 1816

Prorate Income US/Canada

My spouse and I departed Canada in July. However, my employer still kept me on the Canadian payroll for August and September while I transitioned to the US payroll. From what I read, this portion of the income on my T4 should not be taxable in Canada because I performed the work while physically pre...
by frank1867
Wed Mar 02, 2016 1:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Reporting US Retirement contributions to CRA
Replies: 15
Views: 2476

Wow, thanks so much to both of you. This is a relief, I wasn't sure how I was going to handle this; but now it's very clear.
by frank1867
Wed Mar 02, 2016 12:10 am
Forum: Canada / United States Tax & Accounting
Topic: Reporting US Retirement contributions to CRA
Replies: 15
Views: 2476

This is great information guys. I have a very similar situation where I just started contributing to a 403(b) plan, which also qualifies as per the link Nelsona provided. My employer did not include my contributions anywhere on my W2, but I know I paid into it and can see the amount for the year on ...
by frank1867
Wed Feb 10, 2016 3:42 pm
Forum: Canada / United States Tax & Accounting
Topic: Permanent Establishment criteria
Replies: 5
Views: 677

Ok thank you! Obvious to you maybe, I don't understand this situation too good lol I tried researching it on my own, but I’m not really sure what was credible and what was not. I’m glad I found this forum. What if I purchase a home in the US (while keeping ties to Canada – my wife and kids sti...
by frank1867
Wed Feb 10, 2016 2:02 pm
Forum: Canada / United States Tax & Accounting
Topic: Permanent Establishment criteria
Replies: 5
Views: 677

I have a very similar situation to this. If I set up an office, does this override the 183 day rule? In other words, if I set-up an office and I’m in the US less than 183 days, will I be taxed on this income in the US or do I still have to spend more than 183 days in the office to be taxed? Thanks.