Search found 17 matches

by sedona
Wed Jan 02, 2019 5:49 am
Forum: Canada / United States Tax & Accounting
Topic: US tax on Canadian private lending
Replies: 0
Views: 175

US tax on Canadian private lending

How are returns from Canadian private lending taxed in the US?

An example of a Canadian private lending is https://www.profunds.ca/privatelending.html
by sedona
Wed Dec 19, 2018 2:28 am
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Re: Impact of travelling on L1B while TN i-129 petition is submitted

I just checked the I-797A (copy), It has I-94 on it. - After my re-entry can I make the change of status, for dependents(L2), from within the US (using which form)? - Or Is it better for my spouse and kids to re-enter at the same time with me (do I need to fill a form for this at POE)? - Do I need t...
by sedona
Tue Dec 18, 2018 3:43 pm
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Re: Impact of travelling on L1B while TN i-129 petition is submitted

Thank you Nelsona for your reply and Thank you so much for your patience. I totally understand how new info was being added in each post and I apologize for that. It was because things were changing on us frequently through this process and we had to deal with the new things that were coming along t...
by sedona
Tue Dec 18, 2018 2:28 pm
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Re: Impact of travelling on L1B while TN i-129 petition is submitted

That is, the change of status application from TD to L2 will be done from within the US (after my re-entry with L1). Is this okay? Also the TN has already been approved, but I am waiting for the approval confirmation copy through mail. Will there be an issue if there is few weeks gap between the TN ...
by sedona
Tue Dec 18, 2018 2:11 pm
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Re: Impact of travelling on L1B while TN i-129 petition is submitted

Yes, I-539 was filed with my I-129. Previously, they were on TD (my spouse's TN).

So, *after* I re-enter on the L1, I would apply a change of status to put them on L2?
by sedona
Tue Dec 18, 2018 4:06 am
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Re: Impact of travelling on L1B while TN i-129 petition is submitted

Thank you so much as always Nelsona!

Couple of followup question on re-entering on the L1 -
- Do I need to show any other document at POE during re-entry using the L1?
- If dependent(s) status has changed, is it possible to apply for their status change (to L2) from within the US after my re-entry?
by sedona
Wed Nov 21, 2018 5:45 am
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Re: Impact of travelling on L1B while TN i-129 petition is submitted

From immigration point of view, which one is better? L1 with an employer that is not keen to sponsor(will provide docs, but fees will be paid employee - I don't mind paying the fees) or TN, but will have to go through the H1b route?
by sedona
Wed Nov 21, 2018 5:43 am
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Re: Impact of travelling on L1B while TN i-129 petition is submitted

Thank you nelsona for your reply. Sorry, I should have clarified when I said "my employer". It is my current employer (L1) that said "they are okay with providing required documentation for the sponsorship as long as I pay for the processing fees." . Is this even possible? You said ["If the I-129 ge...
by sedona
Tue Nov 13, 2018 8:41 pm
Forum: Business & Personal Immigration to the United States
Topic: Impact of travelling on L1B while TN i-129 petition is submitted
Replies: 14
Views: 908

Impact of travelling on L1B while TN i-129 petition is submitted

My current employer got me the L1B. However, they were not interested to sponsor me for Green Card. In the meantime, I got an offer from another Fortune 500 employer that is willing to sponsor me, but can only take me with TN. They sent the TN i-129 application on Friday. On Monday, my employer told...
by sedona
Mon Sep 24, 2018 7:01 pm
Forum: Business & Personal Immigration to the United States
Topic: L1 visa transfers
Replies: 0
Views: 428

L1 visa transfers

I have been in the US on L1 for 1.5 years. Two years ago company (A) that I used to work for was split into two (say company A and Company B). I got the L1 via Company B. Now Company A wants me to join them and I am still eligible from L1 requirement point of view (must have worked 1 year with the c...
by sedona
Wed Aug 08, 2018 5:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax implications of Global / International investment accounts in CAD funds?
Replies: 3
Views: 498

Re: Tax implications of Global / International investment accounts in CAD funds?

Is there a special reporting required for such Accounts? How does currency exchange take into account in this case, since CAD -> USD fluctuate all the time? Say, there is no actual gain from your investment, but the CAD -> USD conversion resulted in a higher amount? would that lead to taxation even ...
by sedona
Wed Aug 08, 2018 3:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax implications of Global / International investment accounts in CAD funds?
Replies: 3
Views: 498

Tax implications of Global / International investment accounts in CAD funds?

Some financial institutions provide global/international investment accounts. Basically, these accounts allow you to keep your funds in CAD in the US and invest in stocks and other securities. With these accounts, since the account resides in the US it makes it easier to file taxes and no need to do...
by sedona
Tue Aug 07, 2018 3:23 am
Forum: Canada / United States Tax & Accounting
Topic: First year US tax on work visa - need to include Canadian income before moving to US?
Replies: 1
Views: 256

First year US tax on work visa - need to include Canadian income before moving to US?

In the Tax for the first year in the US, do I need to include income in Canada before moving to US and becoming a US resident? Moved mid year to the US on a work visa. Based on 183 days test, I was a US resident. However, I had employment income in Canada during the months before moving to the US. D...
by sedona
Sun Jan 28, 2018 6:58 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian in the US contribution RRSP for the departure year
Replies: 6
Views: 1288

Can you clarify what you mean by "Hence, if you file 1040 in US 2017, whatever savings in Canada would be paid to US (as you declare world income)"? My income is from the first half of 2017 and I don't have any employment income in Canada after Mid 2017. The tax refund that I'll get from the CRA nee...
by sedona
Sat Jan 27, 2018 12:39 am
Forum: Business & Personal Immigration to Canada
Topic: Canadian in the US - downsides of applying for GC?
Replies: 1
Views: 949

Canadian in the US - downsides of applying for GC?

I am on a work visa in the US and will most likely stay here in the US for at 3-5+ years due to my work. Now I am not 100% sure if I would like to stay here with a GC instead of a work visa. I know it is not easy to get the GC itself. However, I don't want to apply for GC (via my employer) without u...