Search found 88 matches
- Thu Jun 25, 2020 2:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
Thank you, I was a little confused too because reading the guide of T2209 it seems to be for canadian residents only, so to confirm, as non-resident of canada for whole year and physically present more than 183 days, my reporting of US wages will need to be reported as other gross employment income ...
- Wed Jun 24, 2020 11:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
Thanks Nelsona
Yes I'm aware that the taxes withheld on US payroll are just estimates, in 2021 once I get the final W2 and other forms I'll have to do a side by side 1040 and non resident T1 to match the numbers on form 1116 and T2209. CRA will also want me to include the 1040 and my W2, plus my ...
Yes I'm aware that the taxes withheld on US payroll are just estimates, in 2021 once I get the final W2 and other forms I'll have to do a side by side 1040 and non resident T1 to match the numbers on form 1116 and T2209. CRA will also want me to include the 1040 and my W2, plus my ...
- Wed Jun 24, 2020 9:29 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
So, I did some research and estimated calculation based on 2019 numbers. Please let me know if I'm missing or assuming incorrectly.
Assuming I have 200/250 work days in Canada excluding vacation, weekend...etc, I'll use 80% of the figures from W2 to calculate and apply a yearly average conversion ...
Assuming I have 200/250 work days in Canada excluding vacation, weekend...etc, I'll use 80% of the figures from W2 to calculate and apply a yearly average conversion ...
- Mon Jun 22, 2020 10:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
I came back because I had the mobility (only myself to consider since I'm single) and NYC Covid situation. There's a lot of unknown and worsening trend back in March.
Anyways, the tax situation end result will probably be the negligible given the high tax rate of NYC, it's just a hassle to account ...
Anyways, the tax situation end result will probably be the negligible given the high tax rate of NYC, it's just a hassle to account ...
- Sun Jun 21, 2020 11:22 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
My desire is to simplify tax reporting requirement for 2020, one way or another.
Since I already exceed SPT on US side I'll have to file as full year US resident anyway. With my payroll already being withheld for various taxes, I don't know how easily it is to convince IRS as being non resident ...
Since I already exceed SPT on US side I'll have to file as full year US resident anyway. With my payroll already being withheld for various taxes, I don't know how easily it is to convince IRS as being non resident ...
- Sat Jun 20, 2020 6:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
I've always used 8833 for noting RRSP per treaty, in addition to FBAR and 8938. I thought that's the general form for declaring notes related to treaty articles, but thanks for mentioning I'll look more into it for 2020.
Now that I have a clearer picture on how my whereabout can affect my taxes for ...
Now that I have a clearer picture on how my whereabout can affect my taxes for ...
- Sat Jun 20, 2020 2:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
Thank you for the reference, I found the explanation on https://serbinski.com/practical-application-fifth-protocol-canada-us-treaty#103 now.
So, given it's likely I will exceed the treaty 183 day rule soon, I want to plan for how I spend the rest of 2020. I'll revisit this again next year after ...
So, given it's likely I will exceed the treaty 183 day rule soon, I want to plan for how I spend the rest of 2020. I'll revisit this again next year after ...
- Fri Jun 19, 2020 1:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
I'm single and don't have family of my own. My living arrangement in Canada is living under my parents, I've removed ties to Canada as much as I can when moving to US and declared departure from Canada in 2016 and has been non-resident since.
I wasn't aware the 183 days rule applies to a rolling ...
I wasn't aware the 183 days rule applies to a rolling ...
- Fri Jun 19, 2020 11:56 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
So I've got about 120 days of physical presence in Canada for 2020 but did not resume significant residency ties (working locally, health coverage, join clubs...etc) and still kept US apartment and job.
While I will return to US, I don't think it will be a long visit (at most 2 more months total ...
While I will return to US, I don't think it will be a long visit (at most 2 more months total ...
- Mon Jun 15, 2020 10:42 am
- Forum: Canada / United States Tax & Accounting
- Topic: IRS/CRA gift reporting and tax
- Replies: 5
- Views: 3819
Re: IRS/CRA gift reporting and tax
Thanks. Yeah that's what I figured too, the IRS annual exclusion is only 15000 but the lifetime limit is so high it's just another form to report. Looks like I can count the exclusion per person given and possibly spread it over 5 years if I want to avoid going into the lifetime bucket (but still ...
- Mon Jun 15, 2020 12:19 am
- Forum: Canada / United States Tax & Accounting
- Topic: IRS/CRA gift reporting and tax
- Replies: 5
- Views: 3819
IRS/CRA gift reporting and tax
Single Canadian living in US under TN. US resident for IRS and non-resident for CRA, likely remaining that way for another couple of years.
Family (parent, sister) are residing in ON, Canada and planning to move house, they have no US status. I want to contribute and put in say USD $100k to help ...
Family (parent, sister) are residing in ON, Canada and planning to move house, they have no US status. I want to contribute and put in say USD $100k to help ...
- Tue May 12, 2020 10:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN -> Moved Jan'20 -> Now Possibly Staying in Canada; Register LLC?
- Replies: 3
- Views: 3303
Re: TN -> Moved Jan'20 -> Now Possibly Staying in Canada; Register LLC?
You probably should check with the company to see if it's viable first changing you from W2 to 1099. They'll pay less payroll tax too but may consider additional legal hassle and hoops to jump thru and set up unless there already are examples in your company.
Aside from not needing to pay US ...
Aside from not needing to pay US ...
- Mon Mar 23, 2020 9:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
Yeah, I'm only arrived 2 weeks ago so it's not significant yet. I intend to stay non resident of Canada unless job situation changes, but the remote work will likely continue for 3 months until May/June, who knows what happens.
Does health coverage (OHIP) alone cause resume of residency? They've ...
Does health coverage (OHIP) alone cause resume of residency? They've ...
- Fri Mar 20, 2020 11:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
Agree, but I'm already in Canada and sheltered at home so it's moot now. Border is mostly closed and travel increases chances of getting sick for the next 2 months.
I'm mostly asking for the sake of planning what if, in the next tax season if there's something I can do now.
I'm mostly asking for the sake of planning what if, in the next tax season if there's something I can do now.
- Fri Mar 20, 2020 11:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: TN extended remote work in Canada
- Replies: 44
- Views: 35394
Re: TN extended remote work in Canada
No health coverage since I left in 2016, OHIP is gone after 6 months I believe. That was the personal delimma on returning to Canada as opposed to being covered in US, but I'm relatively young and need to take care of older parents in Canada just in case of prolonged lockdown so had to take that ...