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Because a TN visa holder can't have a side income in the US, 1. can he have a side income in Canda? for example he open an LLC in canada, then earning from youtuber? or selling apps in google store for example? 2. the income from this LLC, how to pay tax from any income from this LLC? a. need to pay...

Since a TN visa working in the US is not allowed to work / earn actively on any other than the company associated with the TN, 1. how if I want to be a youtuber? can i then open as a youtuber in canada? 2. or selling apps on google? or anything that is online in nature. How to do that legally? (note...

to clarify the question is with respect to US obligations NOT canada side .
I've done exit tax so clear from all canadian obligations.

forgot to add, the context on that question above is on the US side, NOT on the canada side.
(I've done with canada and no obligation toward canada).

thanks

hi there, I am living in california with TN visa. I am looking into: 1. youtubers, 2. making apps / monetizing on google apps If i make money on those, 1. am I allowed to do that? 2. how to pay tax on those side jobs? 3. do i need special visa or anything? 4. Or if not allowed, can i setup a busines...

Canadian after working in california for several years under TN visa filing tax jointly, 1. can I begining 2024 filing separately? (we're not divorced) 2. then, after some time say 2026 filing jointly again? 3. a friend saying that once you file jointly, it can't be changed until divorce, is this tr...

I've been working in california for x years now (also already paid exit tax before) I don't plan to go back to Canada yet BUT is planning to buy a house in canada just for an investment. If i do that, 1. will i be Canadian resident? it means i will have to pay tax to Canada for my salary here in cal...

Thanks, again.
My apology, I mean March 1st, 2024.
Then, March 2nd, 2024, I have no gift tax issue as I live <180days in 2024. (non resident for tax purposes in 2024).

thanks

thanks for prompt reply. So, i guess, whenever I am US resident for tax purposes, I need to pay on gift to even parents. But, 1. if I am Non Resident for US tax purposes, then that gift tax doesnt apply, correct? 2. it means, if i leave US for good on say March 1st 2023, i then can transfer gift wit...

Say i choose a date Oct 1, 2023 to resign from my current job in California, then one month after I leave US to another country. 1. Can I make a gift say 100K USD to my parents? (without any impact on US Tax)? 2. say if the country that I choose is Canada. Does Canada have such gift tax implication?...

thank you Nelsona for the prompt reply. My main question still remain as I plan to buy a house using my father's name. So, 16,000 usd won't be enough, I am talking about >100k usd. When can I safely do it? is it right after i resign from my current job? Or, wait till the following year i.e. Jan 1st?...

I understand if i send money out of USA >10k usd to my parents (in Asia), i will be penalized with gift tax. But, what about if i resign from my job say March 1st of a year, then leave USA to Asia (I am NOT GC holder, nor citizen). Questions: 1. when am i considered alien NON resident tax purposes? ...

Do I need to report Canada RRSP (if invested on mutual fund) to PFIC / 8621?
working in US using TN visa.
thanks

forget to mention

Since <5k no need 8621 reporting, how to calculate the tax?
Does it follow standard long term gain? or shall i use pfic default rule 1291 sec when no reporting? assuming invested in long term.

thanks