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...

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 fo...

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 p...

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 th...

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 aga...

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 div...

[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...

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- married...

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 r...