Search found 4 matches

by dana
Sun Feb 19, 2017 1:50 pm
Forum: Canada / United States Tax & Accounting
Topic: tax residency
Replies: 7
Views: 3167

thanks, the filing will be needed. so far i don't think we will have to pay exit or expatriate taxes (even with after the sale of our home and having over 2 million net worth) as our income in canada in the following years will stay under $97000. my concern is if we are liable for pay expatriate ...
by dana
Thu Feb 16, 2017 9:03 pm
Forum: Canada / United States Tax & Accounting
Topic: tax residency
Replies: 7
Views: 3167

OK, got it. I was thinking in terms of the entire 2017 tax year (ie because I arrived in Canada during the 2017 year, I would be responsible for the entire year of income no matter where I got it). Obviously now, the cra can only tax me on the days after I arrive, not on money earned before. I have ...
by dana
Wed Feb 15, 2017 10:22 pm
Forum: Canada / United States Tax & Accounting
Topic: tax residency
Replies: 7
Views: 3167

i appreciate the reply. i fully understand the irs/usa reporting . however, we will be working full time in the usa until july 2017, taxable income around 100k. will we still be responsible to the cra for that (isn't that considered world income to the cra)? Very little (<2K) to no income will be ...
by dana
Tue Feb 14, 2017 10:25 pm
Forum: Canada / United States Tax & Accounting
Topic: tax residency
Replies: 7
Views: 3167

tax residency

my husband and I are moving back to Canada this august after staying many years in usa on tn visas. For 2017 we will have to pay usa taxes to the irs. When we move into canada we will NOT be working for 2017 and no taxable Canadian income (no bank accounts interest, investments, work income, nothing ...