Search found 7 matches

by johncanada70
Thu Mar 01, 2018 5:44 pm
Forum: Canada / United States Tax & Accounting
Topic: Moved to Canada Kept Job in USA
Replies: 3
Views: 2637

Thanks big help. I have 401K through work and will continue ton contribute and have a TD Waterhouse account, us bank accounts all tied to my Seattle address.

One day life may take us back to Seattle so I really don't want to give this up.

I once read that when you declare residency you should ...
by johncanada70
Thu Mar 01, 2018 4:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Moved to Canada Kept Job in USA
Replies: 3
Views: 2637

Moved to Canada Kept Job in USA

Here is my question. I am a dual citizen, midway through the year I moved from Seattle to Vancouver but kept my job in Seattle and commuted. I want to declare my date of entry as July 1 into Canada.

Although my main residency split 50/50 between US/Canada, the company paid out bonuses in April thus ...
by johncanada70
Sat Feb 10, 2018 1:29 pm
Forum: Canada / United States Tax & Accounting
Topic: US Canada Taxes w2 box 1 vs box 5
Replies: 9
Views: 5880

guess chain of events is

-calculate wife's cdn return
-calculate our joint usa return, she is green card holder, I make substantially more than her
-file my cdn return

All day care expenses, etc would be on her cdn return?
by johncanada70
Fri Feb 09, 2018 6:45 pm
Forum: Canada / United States Tax & Accounting
Topic: US Canada Taxes w2 box 1 vs box 5
Replies: 9
Views: 5880

Let me know if I'm on the right track

-Complete US taxes
-Convert USA income, taxes paid to Canadian @ 2017 BOC rate (1.29) use W2 box 1 plus 401K contribution from box 12.
-Complete Cdn federal return, apply RRSP, apply basic credits in schedule 1 (300, 363) and calculate taxes line 43.
-Apply ...
by johncanada70
Wed Feb 07, 2018 3:37 pm
Forum: Canada / United States Tax & Accounting
Topic: US Canada Taxes w2 box 1 vs box 5
Replies: 9
Views: 5880

OK got it thanks.

Now I have 2 jobs in the USA, one of which is part time and for teaching night classes (very small), they have a 401a. On their w2 nothing made it into box 12 although they have forced employee contributions and employer matches. Do I need to fill out RC268 twice
by johncanada70
Wed Feb 07, 2018 3:20 pm
Forum: Canada / United States Tax & Accounting
Topic: US Canada Taxes w2 box 1 vs box 5
Replies: 9
Views: 5880

Thanks so just these codes (D, E, F and/or S), not codes like C, DD & V which refer to health care costs, stock options (included in box 1), group life, etc?
by johncanada70
Wed Feb 07, 2018 1:43 pm
Forum: Canada / United States Tax & Accounting
Topic: US Canada Taxes w2 box 1 vs box 5
Replies: 9
Views: 5880

US Canada Taxes w2 box 1 vs box 5

Hello,

I am US/Cdn citizen and live in Canada. I commute into Seattle from Vancouver every week where I have an apartment. I need to file in the US & Canada. I just got my W2 and there is a 20% difference between box 1 vs box 2 on the w2. This is because my employer offers a 401K, lets me defer ...