Serbinski Accounting Firms

Agreed

and the taxable margin account was transferred to a US brokerage (transferred in-kind). So for those shares we definitely need to figure out how to fill out 8833.

For 8833 my understanding thus far is that we we will be

A) reporting as a result of 6114.
B) Treaty Article XIII (7) for Canada

For ...

Thanks so much for responding.

Yes, we closed the TFSA accounts before leaving Canada. We still have RRSP accounts and a LIRA account in Canada ... so I guess we will need to make sure that we are reporting via FBAR/FACTA.

Hello All,

My wife and I moved from Canada to the US on April 1st 2017 for work on TN and L1 visas, so I think we will be dual status this year (we pass SPT and were non-residents at beginning of year).

When we leave Canada (March 31st 2017) I understand that this will trigger a Deemed disposition ...