Search found 5 matches
- Thu Aug 24, 2017 12:29 am
- Forum: Canada / United States Tax & Accounting
- Topic: 15% tax rate on pensions
- Replies: 12
- Views: 9857
- Mon Jan 23, 2017 6:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Social Security Tax prorated ?
- Replies: 1
- Views: 1283
Social Security Tax prorated ?
Taxpayer is a dual resident, he 's working temporarily in Canada. He is filing Form Rc267 to claim the contributions to 401(k) plan He has a W-2 with 500 000$ of wages 528 000$ including 401K (28 000$ of contributions) Social security : 7347 USD Medicare : 7250 USD A letter from the employer states ...
- Sat Jan 21, 2017 3:29 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US/Canada tax help
- Replies: 7
- Views: 3224
Two related links for you : https://www.irs.gov/individuals/international-taxpayers/the-taxation-of-capital-gains-of-nonresident-alien-students-scholars-and-employees-of-foreign-governments https://www.irs.gov/individuals/international-taxpayers/nonresident-alien-students-and-the-tax-home-concept Pu...
- Sat Jan 21, 2017 1:31 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US/Canada tax help
- Replies: 7
- Views: 3224
F-1 visa : You are a Nonresident Alien (NRA) for tax purposes in USA For capital gains you need to determine if it's USA source income or Canadian source income.. Since your home is in Canada, for tax purposes your capital gains are considered Canadian sourced and are therefore not taxable in USA. I...
- Sat Jan 21, 2017 12:46 pm
- Forum: Canada / United States Tax & Accounting
- Topic: NRA - 1042-S 30% Withholdings (Lump-Sum) FTC denied by CRA
- Replies: 1
- Views: 1585
NRA - 1042-S 30% Withholdings (Lump-Sum) FTC denied by CRA
Hi there ! Here's my issue : CRA doesn't recognise one of my clients a 30% withheld tax for the purpose of the foreign tax credit in Canada on a Form 1042-S. (income code 15). (Lump-sum) My client is an NRA he is the beneficiary of his deceased father Teacher's Retirement Plan (which is an annuity)....