Search found 8 matches

by migrant
Mon Apr 27, 2020 1:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadians with SSN filing for stimulus check.
Replies: 10
Views: 5425

Re: Canadians with SSN filing for stimulus check.

nelsona wrote: > As many here may be aware, some Cdn residents, who are NOT otherwise US tax > persons, but who have US children,file a US tax return every year to get > the US child tax credit. > Can you please elaborate on the above? if you have no US income to report how can you claim US child ta...
by migrant
Mon Apr 27, 2020 1:21 pm
Forum: Canada / United States Tax & Accounting
Topic: T1135 category of SFP
Replies: 0
Views: 8715

T1135 category of SFP

Hi Nelsona, I am required to file the detailed version of T1135 (part B) this year. I used to own some US ETF through a US brokerage firm, just wondering which category should I list those under: 2. Shares of non-resident corporations (other than foreign affiliates) or 4. Interests in non-resident t...
by migrant
Fri Feb 01, 2019 4:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Non resident tax implications after 2018 tax reform
Replies: 6
Views: 2757

Re: Non resident tax implications after 2018 tax reform

Sorry I left middle of 2018 and would pass SPT.
by migrant
Thu Jan 31, 2019 2:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Non resident tax implications after 2018 tax reform
Replies: 6
Views: 2757

Re: Non resident tax implications after 2018 tax reform

Yes, I am married. Just little confused - since I was part year US resident, am I allowed to use XXV clause?

thanks
by migrant
Tue Jan 29, 2019 5:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Non resident tax implications after 2018 tax reform
Replies: 6
Views: 2757

Re: Non resident tax implications after 2018 tax reform

Thanks again Nelsona. Yes, my mistake had the whole non-resident thing on my mind throughout the year. MF was granted through company match. Am I eligible to file proforma 1040 on 1040NR?
by migrant
Tue Jan 29, 2019 2:56 pm
Forum: Canada / United States Tax & Accounting
Topic: Non resident tax implications after 2018 tax reform
Replies: 6
Views: 2757

Non resident tax implications after 2018 tax reform

Hi Nelsona Some background - I am a non citizen or PR holder of either US or Canada. I moved to Canada from US, middle of last year. I have been filling 1040 due to SPT (2017 and before). Initially, for 2018 I was planning to file as dual status, but with personal exemption gone does it makes more s...
by migrant
Fri Oct 13, 2017 2:09 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital gain reporting
Replies: 16
Views: 8777

Thanks Nelson, Could you please explain why I need to use 1040. Is it due to dual status or somehing? Should have mentioned before, I stayed less than 31 day in US thus year, so was thinking that I will he ok filing 1040NR for the full year. Also, if I had sold it after the move then it would have b...
by migrant
Thu Oct 12, 2017 10:21 pm
Forum: Canada / United States Tax & Accounting
Topic: Capital gain reporting
Replies: 16
Views: 8777

Capital gain reporting

Hello all, I became Canadian resident in January. Sold US stocks before moving from US. I read that the resulting capital gains are tax exempt if 1040NR is filed. Also, since it was done before I became Canadian tax resident, I don't have to report it on the Canadian side. Most likely I am missing s...