Serbinski Accounting Firms

Update:

Just got off the phone with CRA. The above quote regarding "Circumstances Where Relief Will Typically Not be Considered" applies when the disclosure is a correction to the tax return itself, not to T1135 which is a completely separate information return. Was reassured that my situation is ...

I've been working on 2024 taxes and I've just realized that I should have filed 2022 and 2023 T1135 for a U.S. bank account (>CA$100k, <200k). This was an unintentional mistake. I was not attempting to conceal any income or assets; I reported the interest generated on T1 in each year, and total ...

I am a Canadian citizen/resident. My US citizen/resident wife of three years will be immigrating to Canada later in 2020. I am filing my 2019 tax return, and spouse's information is requested, including "net income" -- the amount from line 236 if she were to file a tax return.

My questions:
1 ...

I am a Canadian citizen residing in Canada. My wife is a US citizen residing in the US (for now). We filed a Section 6013(g) election with IRS for me, allowing my wife to file as married filing jointly, substantially reducing her tax burden. My only income is interest on my savings at Canadian ...

A quick follow-up questions...

Among CRA's criteria for determining residential status for tax purposes is a spouse in Canada. For my wife, this seems to be the only criteria that ties her to Canada - she is currently a US citizen, her principal residence is in Ohio, and her employment is in Ohio ...

Thank you for your quick response, - thant's one less thing for us to worry about! I really appreciate the information and advice you provide here - you've helped a great many people!

I'm in the middle of the process of sponsoring my US spouse for permanent residence in Canada (waiting for sponsorship approval). She currently lives in Ohio in a house that I bought in the late '90s (I worked in the states for 25 years) and signed over to her in 2014. Hers is the only name on the ...

Thank you kindly for the information - much appreciated.

Thanks for your response.

Choosing to file separately because I have an ongoing dispute with the IRS -- when I filed my final return in 2015, they logged the check as being foreign currency and applied an exchange rate. Despite providing them with documentation from my bank (cancelled check image ...

I am a Canadian citizen/resident. I did live in the US, but returned to Canada in 2014 and since then have had no income, investments, etc. whatsoever in US. Last US tax return was filed in 2015.

In 2017 I married a US citizen who is still resident and working in US, and we are working on her ...