Search found 7 matches
- Thu Jan 17, 2019 10:20 am
- Forum: Canada / United States Tax & Accounting
- Topic: Rev Proc 10-19 Guidance
- Replies: 5
- Views: 1931
Re: Rev Proc 10-19 Guidance
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 a...
- Wed Jan 16, 2019 3:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Rev Proc 10-19 Guidance
- Replies: 5
- Views: 1931
Re: Rev Proc 10-19 Guidance
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 nothi...
- Tue Jan 15, 2019 8:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Rev Proc 10-19 Guidance
- Replies: 5
- Views: 1931
Rev Proc 10-19 Guidance
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 b...
- Thu Sep 01, 2016 9:03 am
- Forum: Canada / United States Tax & Accounting
- Topic: File Retroactive Election?
- Replies: 7
- Views: 3109
- Wed Aug 31, 2016 12:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: File Retroactive Election?
- Replies: 7
- Views: 3109
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 still ...
- Tue Aug 30, 2016 9:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: File Retroactive Election?
- Replies: 7
- Views: 3109
- Tue Aug 30, 2016 4:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: File Retroactive Election?
- Replies: 7
- Views: 3109
File Retroactive Election?
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 i...