Serbinski Accounting Firms

Very insightful! What about deemed disposition of property, though? Or is that not applicable under the treaty?

Thanks! It's just my parents living there and there is no rental income.

I don't remember the form asking which country I've moved to, only the date of departure. How would they know I've moved to the US?

Regarding rental tax, what happens itf I don't rent out the place?

In addition, I also still have my Ontario driver's licence and health card. I didn't do anything to cancel or keep them active.

I filed my 2016 return and indicated my December date of departure on the form. I mailed in the paper copy yesterday.

Another question I have is: Do any of the following negatively impact my departure filing?

- My Canadian chequing account
- My Canadian car loan
- My Canadian home in which I no ...

I own 33% of the house, with the remainder owned by non-dependents. So, when I sell, I'd be taxed on gains on the 33% since my departure in 2016. How is this market value difference calculated?

Otherwise, no tax unless I sell, right?

Another question that popped into my head: How exactly would the departure tax work?

I'll be retaining my house in Canada. I have transferred money out of the TFSA, and I have a small RRSP account. Beyond this I have a car (~$20,000) and other personal items not more than $10,000. Technically ...

Another question...

Seeing that I have an RRSP to which I'll no longer be contributing until/unless I move back, can I contribute to something similar in the US for tax deferrals? My employer does not have a retirement plan.

Yup, also signed up for a US health plan, the costs for which should be covered by potential tax savings by not filing in Canada.

An update/FYI for people in the same boat:

I went to ServiceOntario to keep my OHIP card active. A couple of people weren't sure about the exact rules, but I also called to confirm. You can reach out to ServiceOntario after you've left Canada, and can keep the card active for up to 5 years at a ...

How do my CPP contributions get affected? Do I still need to contribute?

I'm now making contributions into the US Medicare/OASDI. Do I need to contribute to just this or both? When time comes to get my pension, how would this work?

If I leave my RRSP as is and don't contribute anything to it in 2017, would I have to report any earnings on my US filing? Alternatively, can I continue contributing to my RRSP?

- I'll empty out my TFSA
- I don't need to get a NJ driver's licence because I won't be driving here
- I'll speak with Service Ontario for OHIP continuation when I'm in Canada this weekend
- On my 2016 filing, I'll indicate the date I left Canada. I have no US income in 2016 so that simplifies ...

Yes, my departure date was in fact December 14th. I did not report this to the CRA via any applicable form, or to Service Ontario for OHIP. Was that required?

What if I intend to move back at the end of my 1-year contract that ends Jan 2018? Do same rules apply then?