Search found 18612 matches

by nelsona
Mon Oct 22, 2007 12:05 pm
Forum: Canada / United States Tax & Accounting
Topic: US Citizens Working in Canada on Student Visa (PR pending)
Replies: 16
Views: 10585

Forget about 2555. Since you have kids, you will want to use the foreign credit method, so that you get the child tax credit on your 1040. You will want to get your duaghters US status up-to-date. Get her SSN soon as you need it to to use on your 1040. You may have to go thru some procedure to get h...
by nelsona
Mon Oct 22, 2007 12:00 pm
Forum: Canada / United States Tax & Accounting
Topic: US Citizens Working in Canada on Student Visa (PR pending)
Replies: 16
Views: 10585

CRA has no jurisdiction on immigration matters. I would check with immigration canada (not the border guard) about this. Telecommuting is new territory; you need to get CIC official position on it. Checking e-mails while on vacation (tourist visa remember) is not the same as working out of your home...
by nelsona
Mon Oct 22, 2007 11:55 am
Forum: Canada / United States Tax & Accounting
Topic: Moving to the US tax planning
Replies: 6
Views: 5306

The dealer's solution will NOT work. You need to be insured where you live. period. Do not go down the road of 'faking' where you live for DMV and insurance purposes. This will usually result in (a) driving with invalid plates/DL and (B) loss of coverage when you do have an accident 9they will gladl...
by nelsona
Mon Oct 22, 2007 7:46 am
Forum: Business & Personal Immigration to the United States
Topic: H-1B: Switching Employers
Replies: 38
Views: 44942

The PD is the date that one's Labor Certification, or later PERM, was submitted to state/DOL, or in cases whre no LC/PERM is needed, it's the date I-140 was submitted to USCIS. USCIS establishes the PD when they receive your I-140. The PD (aloang with your visa category) determine whether or not you...
by nelsona
Mon Oct 22, 2007 12:15 am
Forum: Canada / United States Tax & Accounting
Topic: US Citizens Working in Canada on Student Visa (PR pending)
Replies: 16
Views: 10585

"In any case, you should keep yor Trad IRA and rollover IRA in separate accounts. " should be for point 7.
by nelsona
Mon Oct 22, 2007 12:14 am
Forum: Canada / United States Tax & Accounting
Topic: US Citizens Working in Canada on Student Visa (PR pending)
Replies: 16
Views: 10585

Probably a few too many questions, but I'm in a reasonably good mood: General: you are fully taxable in canada from July 1, You remain taxable in US of course due to citizenship. You cannot work from canada without work authorization from Canada, telecommuting is not permitted without status. 1. Onc...
by nelsona
Thu Oct 18, 2007 4:12 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving to the US tax planning
Replies: 6
Views: 5306

3 points: 1. the rules have changed slight for DNRs and they no longer "report and then deduct". (this would be deducted on line 256 by the way). 2. You will not be DNR, you are leaving canada, and thus will file a departure return, following the instructions in the "Emigrants" g...
by nelsona
Tue Oct 16, 2007 12:15 pm
Forum: Canada / United States Tax & Accounting
Topic: Transfering 401K to Canada
Replies: 1
Views: 2238

You are correct. There are several thrads on this, which I invirte you to research. Bottom line, there is no advantage in repatriating your 401(k) to canada. leave it in US (invest in foreign funds if you wish to counteract the crappy US dollar) and take it at retirement. You at the very least will ...
by nelsona
Fri Oct 12, 2007 3:11 pm
Forum: Canada / United States Tax & Accounting
Topic: 8891 Never Filed
Replies: 32
Views: 31518

How's your packing coming?

The year-end balance is expressed in year-end US$, thus last day exchange rate.
by nelsona
Fri Oct 12, 2007 3:08 pm
Forum: Canada / United States Tax & Accounting
Topic: 3520 8891 2002-2006 filing amended retruns
Replies: 4
Views: 4699

"Fools rush in, where angels fear to tread"

I've seen enough of these 11:59 filers to steer clear.
by nelsona
Fri Oct 12, 2007 1:36 pm
Forum: Canada / United States Tax & Accounting
Topic: 1040x for RRSP 8891s
Replies: 23
Views: 22044

can't help you at this time. I really meant my previous advice to enjoy your vacation.

You've waited this long, what's another few months...
by nelsona
Fri Oct 12, 2007 11:27 am
Forum: Canada / United States Tax & Accounting
Topic: 1040x for RRSP 8891s
Replies: 23
Views: 22044

The RP 02-23 statement is a free-form statement which complies with the requirements of RP 02-23, which includes much of the information contained on form 8891.

It is not merely a verbal statement say that you have an RRSP and are electing.
by nelsona
Fri Oct 12, 2007 6:00 am
Forum: Canada / United States Tax & Accounting
Topic: 3520 8891 2002-2006 filing amended retruns
Replies: 4
Views: 4699

Enjoy your trip
by nelsona
Fri Oct 12, 2007 5:57 am
Forum: Canada / United States Tax & Accounting
Topic: amending returns
Replies: 1
Views: 2182

Yes
by nelsona
Mon Oct 08, 2007 2:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving to the US tax planning
Replies: 6
Views: 5306

As long as you and your family move to US, you will no longer be taxable in canada on non-Cdn income. there is no need to overly inconveneience yourself to divest yourself of all assets. The US treaty covers you if you and spouse move to US. The verbage on CRA site dels more with those moving to a n...