Serbinski Accounting Firms

Okay, I'm following now. Thanks again SM, this has been super helpful. I *think* I've been able to file my taxes properly now. Let's wait and see what the CRA says!

One more (hopefully final) clarification - the income/tax amounts I put in on a canadian return are only the PRORATED amounts for the time I was a canadian resident? I.e. I can exclude all US income/taxes earned and paid after my departure date. Is that correct?

Agreed on the non-registered investments. Thank you, SM.

But I'm not sure I'm following your last calculation that includes Canadian income. The reality is that all of our earned income is US sourced, but that we will have to claim the previous LLP withdrawals as Canadian sourced income since we ...

Thanks for clarifying the FTC. So to simplify with an illustrative example:
-my annual income: 100k
-wife annual income: 50k
-joint US tax liability: 30k

my ftc: 20k
wife ftc: 10k

Correct?

I guess my situation feels more confusing since we were in the US all of 2016 but changed visa status in ...

SM - thanks for your additional responses. Okay, I just reached out to an accountant - tbd on whether they'll be able to handle my return in time. In case they can't, here's the approach I'm thinking, please let me know if you think there are any gaps:

CDN Return:
1-File Canadian returns (mine ...

SM / Nelsona, thank you both for your thorough replies. Looks like I misunderstood the definition of deemed resident vs. non-resident, and now I'm kicking myself trying to figure out how to minimize the damage. I'll be reaching out to an accountant in the morning, but a few more questions for my own ...

Hi all,
I have spent a LOT of time trying to figure out the optimal tax return strategy. Between my wife and I, I've put together 12 possible federal, state, and CDN returns but I'm still not sure what the right approach is. We switched from J1/2 visas to TN/TD in Oct.2016. For the last two years ...