Search found 7 matches

by blittle
Wed Apr 05, 2023 9:48 am
Forum: Canada / United States Tax & Accounting
Topic: 2555 Trouble
Replies: 2
Views: 994

Re: 2555 Trouble

Ok, thanks very much for confirming. I appreciate your insight.
by blittle
Tue Apr 04, 2023 9:28 am
Forum: Canada / United States Tax & Accounting
Topic: 2555 Trouble
Replies: 2
Views: 994

2555 Trouble

Hi there, I’m a Canadian resident and citizen that moved to the US on March 1, 2022. I’ve lived in Canada for over 10 years. I will file the required departure return, etc. on the Canadian side. Before I left Canada, I made about $90K of Canadian self-employment income. I plan to file a full year 10...
by blittle
Thu Jul 14, 2016 9:05 am
Forum: Canada / United States Tax & Accounting
Topic: Temporary Contract in US
Replies: 8
Views: 3129

Do you know if it's possible to retroactively file this election or must it be filed in the year of arrival? If I'm fairly certain that I'm only going to be staying in the US for one year, for simplicity, perhaps I won't bother with this; and if my situation changes unexpectedly I can always go back...
by blittle
Thu Jul 14, 2016 8:53 am
Forum: Canada / United States Tax & Accounting
Topic: Temporary Contract in US
Replies: 8
Views: 3129

Great, thanks for all your advice!
by blittle
Wed Jul 13, 2016 10:26 pm
Forum: Canada / United States Tax & Accounting
Topic: Temporary Contract in US
Replies: 8
Views: 3129

Thanks! If possible I’m going to try and keep the shares after departure. Do you happen to know any US brokerage firms that will handle the stocks? After reading the link you posted it appears that I complete the 8833 form under section 6114 and treaty article XIII7, but I have two questions. 1) W...
by blittle
Wed Jul 13, 2016 3:11 pm
Forum: Canada / United States Tax & Accounting
Topic: Temporary Contract in US
Replies: 8
Views: 3129

Thanks. Luckily we do not have a TFSA or RESP, but I do have a small stock portfolio that appears will be deemed to be sold on paper on my exit from Canada. Someone told me that you can file an election in the year of your arrival to the US for stocks and your principal residence to limit future tax...
by blittle
Wed Jul 13, 2016 10:19 am
Forum: Canada / United States Tax & Accounting
Topic: Temporary Contract in US
Replies: 8
Views: 3129

Temporary Contract in US

I’m from Canada and just signed a one year contract to work in the US. I will be bringing my wife and child with me. We currently rent in Canada and the lease will be terminated when we leave. There is a chance that the US employer will renew my contract for another year, but there is no guarantee...