Search found 75 matches

by jixca
Tue Jun 30, 2020 12:32 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

Re: TN extended remote work in Canada

I try to summarize the conclusion, for my own reference on steps to take next year in filing 2020 taxes, as well as to help anyone in the similar situation :) I'm keeping track of the days present in Canada, and until I exceed that I probably wont' do anything. Afterwards, I'll have to calculate and...
by jixca
Mon Jun 29, 2020 12:03 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

Re: TN extended remote work in Canada

After spending the weekend reading thru the non-resident return guide, I got a better understanding of the reporting requirements. Basically, one reports the prorated US-wages to CRA and pay the federal and provincial taxes. The only difference with a resident return is not including other income li...
by jixca
Thu Jun 25, 2020 2:06 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 ...
by jixca
Wed Jun 24, 2020 11:19 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 wor...
by jixca
Wed Jun 24, 2020 9:29 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 ra...
by jixca
Mon Jun 22, 2020 10:18 am
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 a...
by jixca
Sun Jun 21, 2020 11:22 am
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 and ...
by jixca
Sat Jun 20, 2020 6:08 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 ...
by jixca
Sat Jun 20, 2020 2:49 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 thin...
by jixca
Fri Jun 19, 2020 1:42 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 365...
by jixca
Fri Jun 19, 2020 11:56 am
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 for...
by jixca
Mon Jun 15, 2020 10:42 am
Forum: Canada / United States Tax & Accounting
Topic: IRS/CRA gift reporting and tax
Replies: 4
Views: 107

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 re...
by jixca
Mon Jun 15, 2020 12:19 am
Forum: Canada / United States Tax & Accounting
Topic: IRS/CRA gift reporting and tax
Replies: 4
Views: 107

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 the...
by jixca
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: 773

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 federal...
by jixca
Mon Mar 23, 2020 9:48 pm
Forum: Canada / United States Tax & Accounting
Topic: TN extended remote work in Canada
Replies: 33
Views: 1338

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 aba...