Serbinski Accounting Firms

Hello,

My wife will be moving to Germany and I have a question about her TFSA, I am trying to determine the date she becomes non-resident of Canada.

CRA says:

When you leave Canada to settle in another country, you usually become a non-resident for income tax purposes on the latest of:

the date ...

Hello,

I am a Canadian citizen (30 yo) who worked in the US from 2016-2019. In 2019 I moved to Germany and currently live in Germany. I plan to move back to Canada in the future and plan to retire in Canada. I currently have a 401k from my previous US job and I also have a Roth IRA.

I would like ...

The problem is not with the software but with the T1 form, there is no place for a US address in the personal information section.

I am considering just cramming my state and country all on the province line...seems odd the form cannot handle this.

Thank you nelsona, I saw that on the CRA website as well.

I tried doing all this in TurboTax but it does not work, they ask you for your residency on Dec 31 2016 and that determines which forms they use.

If I choose non-resident on Dec 31, I never get an option for departure date and looking at ...

All accounts combined were below 10k, I will have to find out if my TFSA was a trust or not.

For the Canadian return, should I be filling a regular T1 or the Non-resident T1? I don't see any space for departure date on the N-R T1 so I am assuming for this year I still need to use the normal T1 ...

Also, for my Canadian return, I will report all the income I earned before the departure date, I assume I can also credit the taxes I paid in the US on that income during that period?

Am I not able to use Jan 1 as my departure date? I moved to the US in August 2015 but I was on a J1 until March ...

1. minimal income was incurred, the account was in cash (~4k total)
2. it was never above 10k
3. funds were in cash, don't think it was a trust

Am I OK?

I did have a TFSA on Jan 1 2016 however I closed the account in June 2016 after reading on here that I should do so. I made a 1k contribution to the account early in the year (around March) and I withdrew the entire balance (~4k) in June when I closed it.

What implications does this have on my ...

Hello,

I am a Canadian citizen currently working in the US. I have an RBC account in Canada with less than $10 000 and no investments in it. I closed my TFSA shortly after moving to the US and do not have an RRSP in Canada. My visas this year were as follows:

Jan-Feb = J1
March-December = TN

For ...

Thank you for all the information, I understand and will go ahead for the W9.

One more question about my 2016 tax situation.

Will I be required to submit a NR73 to the CRA or can I go ahead and file a departure return?

Thanks again

How am I already a U.S. Person?

[quote]Definition of a U.S. person:
For federal tax purposes, you are considered a U.S. person if you are:
• An individual who is a U.S. citizen or U.S. resident alien;
• A partnership, corporation, company, or association created or organized in the
United ...

Will my "residency starting date" be the first day I was in the US or the first day I was not an exempt individual? In my case March 2016, as opposed to January 2016.

The W-9 form states that I must be a "US person" to sign the form, is it OK to sign it under the pretext that I will be a US person ...

Hello,

I have been living in the U.S since August 2015. From August 2015-February 2016 I was on a J-1 Visa, from my understanding these days are exempt from the substantial presence test (because of J1 status) and therefore do not count towards my substantial presence test. I filed an 8843 with ...

Hi Everyone,

I am a Canadian citizen who worked for an American company in the U.S. on a J1 Visa from August-December 2015. I have determined I am a non-resident alien because I fail the substantial presence test for 2015. I have a few questions about my US and Canadian returns.

1. Am I able to ...