Serbinski Accounting Firms

Line 256 is for -- among many other things -- income that is not taxable in Canad by treaty. None of the income you have is not taxable in Canada by treaty. I'm sure you will find that many of the lines in the tax form don't apply to you, but they leave them there for others ;0). So, in Canada, one ...

You only change one line on your 1040NR: line 58. You do this by LINING out the normal ammount, and indicatingb the revised ammount below it. You don't change any of the other entries. As I explained in the other thread about this process (just because I told you not to jump on that thread doesn't m...

Since you are sef-employed and living in Canada, the income is taxable in Canada As a resident, you are not entitled to exclude anything on 256: you owe taxes in Canada on world income from the date you moved. See the Newcomers guide from CRA; this is your primary guide for 2006. By a quirk in the t...

As a 104NR filer, you do not report foreign earned income, so why would you want to file 2555: your foreign income is already excluded?

Just to repeat

To clarify most -- if not all -- of what allen has said: Your husband should file a normal 1040, declaring ALL world income for 2006. He should also declare all your world income. The Cdn WAGES either of you made should be excluded by using form 2555, but it must be reported. This is a joint return....

Your investment income idea (passive) not help in using up RRSP NR tax (gen limit) since it will not be coming from the same category of income (Keats is wrong on this one). And, only interest and dividends are considered foreign source in any event. You could consider rental income. The IRS is comp...

There is nothing in your 1040 for 2005 and 2005 to ammend. merely send in 8891s for those years attached to a 1040-X with no other changes. Indicate on those and any future 8891s that you fist made the election in 2004. PWC is obviously trying to 'pad' their account by sending in lots of paperwork. ...

1116 should only be attempted with tax software.

I meant to say that it looks like they withheld at the rates for RESIDENTS.

You can use it as foreign income. However the tax that you can get credit for will not be the ammount that was withheld. As I said, it becomes part of your Cdn wages for the year, thus the tax related to it will be proportion to all your other income and tax.

Did you leave canada in 2006, or earlier than that? If you left in 2006, then the option is merely part of your income (wages) for 2006. You add it to your 2006 cdn return, it is for all purposes 'wages'. Then you do your FTC calculations on this basis. If however, you left canad before 2006, then t...

Believe it or not, the answer to every single question your asked is "yes". The fact that your CPP was not taxed in canada (by treaty) does not alter that it is Cdn-sourced. It can and should be lumped with any other Cdn 'general limitation' income. This will no doubt have the effect of us...

Note that the "proof intent" issue applies only to family-based sponsorship. If one is applying under the skilled-worker category, one does not have to display such intent, which still allows for the "round the flagpole" landing that many immigrants still do while really wishing ...

One cannot do work while physically in US without US authorization. Some have argued that work for a foreign employer, if that employer does not benefit from the workers presence in the US, and if the Cdn employer has no dealings with the US, can be permitted. I usually find that most who do this ki...