Serbinski Accounting Firms

We are Canadian GC holders. Non-residents of Canada since 2016. My mother-in-law just informed us that she opened a whole life policy on my spouse when he was a minor. He is the owner of the policy. She has been paying for it all these years and was under the impression that she owned it. She wants ...

No, we are both currently working, and have almost exactly the same compensation. I'm starting to come to the conclusion that leaving these RRSPs intact might make the most sense for now. My brokerage (RBC Direct Investing), will only let me either put them in GICs or convert the entire accounts to ...

I'm having trouble wrapping my head around this. Checking my CRA account, I have 10k in unused RRSP deductions. If I withdraw 10k, why can't I just apply the 10k in unused deductions to this withdrawal? An RRSP withdrawal is Canadian income, right? Can't I submit a non-resident return with 10k in in...

We were given bad advice by our relocation accountants (both the one hired by our employer and a second opinion I hired on the side). We made the move over two years ago. The TFSAs were closed and the cash moved to the RRSPs (along with some proceeds from our house sale) the week before we moved to ...

At the advice of our relocation accountants, we each moved <$20k cash from our TFSAs into RRSPs before we moved to the USA. It's still in cash (that's a whole other story) and has had zero growth since we moved. Since we moved at the beginning of the year, we didn't have much income, and had large c...

My spouse and I (early 30s) are both on TNs and have been in the USA for two years. Both our employers have started the GC process, but we aren't sure if we will stay in the USA or return to Canada at the end of our TNs in 2021. It is open enrollment time, and we need to select our health plans, FSA...