Serbinski Accounting Firms

Also, if I need to back filing, do I just have to include the Form8833 and the form T1243 indicating the FMV, ACB etc for the shares when emigrant of Canada? Anything else I should include, like the US tax returns for that year?

nelsona wrote:
> This should have been done the first year you moved to US, but I see no
> problem back-filing this statement, particularly sicne you have not yet
> sold any of these investments (a transfer is not a sale).


Thank you for your reply!! I have some other US rental property since I was ...

I emigrant from Canada to US a few years ago. I did not sell the Canadian stocks( us and Canadian stocks held in Canadian broker account) at that time. Last year I transferred all these stocks from the Canadian broker to US broker. In this case, any tax implication for Canada and US tax? What tax ...

Hi,

I moved from Canada to US a few years ago. I didn't transfer all the deposits and financial investments from CA to US at that time. Recently I was planning transfer the money to US. I can either wire(with some fees) or let the broker write me a check so that I can deposit to my US bank account ...

Thank you for your reply in detail!!

Just out of curiosity, if a personal needs to file non resident tax returns, can he claim the basic personal amount($12609) for the tax credit?

Thanks in advance!

Hi,

I was living in Canada but moved to US two years ago. I was thinking if I need to file non resident tax return in Canada.

1. I have Canadian bank interest incomes, which came from saving accounts and GIC. It stated on the CRA that "The new provision exempts from tax any interest payments that ...

Hi,

may I also ask why should close the investment account? Can the account be kept after leaving Canada?

Hello

Since I moved from Canada to US in 2016, in my 2016 Canadian tax returns, there is capital gain due to deemed disposition of my US rental property. I wonder for this tax paid in Canada, would that be double taxes? Since later on when the property is actually sold in US, I have to pay taxes ...

I have been holding these stocks for around 3 years, however I never reported the dividends in the US tax returns, since I don't realize that it is reporting requirement for stocks purchased from a Canadian broker.

Yes you are right there is withholding tax in my T5. However I did not report the ...

[quote="nelsona"]Unlike canada, There is a difference between being a resident of US and filing a resident tax return. You will simply file a 1040NR for 2016 in US.
This doesn't change that you left Canada and became non-resident in August.

You ARE a US resident, just not long enough to be forced ...

Hello, I am confused my filing status while I was filling 1040NR.

Me and my wife moved to US in August 2016 cuz I got a job here. We were tax resident of Canada before we moved(we both Chinese citizens). We are non tax allien resident of US for 2016.

For the filing status, should I check 7b ...

My husband and I(non Canadian PR or citizen) moved to US on August 2016, my husband is in H1B and I am in H4. We have been advised that we are non-resident of Canada on the date we left Canada. However, the US employer of my husband has done a appraise for him, indicated that he will not be US tax ...