Serbinski Accounting Firms

Thanks again for all your help! Correct, I have not sold any of the Canadian investments yet. I will give this some more serious thought before deciding how best to proceed. Maybe adjusting my departure return might actually be the better way to go.

I actually finally called my broker and told him ...

Ok thank you.

My former principal residence is still in Canada and my elderly parents are now living there. I never changed my address with CRA or my investment advisor when I moved. They basically think I'm a cross border commuter. My income has been too high for GST or any other benefits, so ...

I moved to the US several years ago on a TN visa, got married and now have a Green Card. I had no idea that I should have filed a departure return when I left Canada and have been filing returns in both Canada and the US each year, reporting my worldwide income in both.

I now realize I’ve probably ...

Great, thanks!

Yes, not likely that I will be selling before the 3 year mark.

How do I determine what the value was on departure? Can an appraisal be done retroactively? What about a letter from a real estate agent, would that be acceptable?

Thank you.

I was doing some more reading on this forum and I came across something regarding an election for your principal residence.

When I left Canada I also owned a home, and did not sell it or rent it out yet. My brother was renting and I let him move in to look after the property. He is ...

Thanks so much.

I've been in the US for about 2 and a half years, so looks like I may be in luck :)

Would I file an adjustment to my return when I arrived or just do it for the current year?

I recently became aware that in the year of arrival to the US (after departure from Canada), the treaty allows me to step-up the ACB of my non-registered shares to the market value on my arrival date by filing an 8833 form with my return.

However, I failed to do this upon arrival. Does anyone know ...