Search found 18610 matches
- Mon Apr 09, 2007 10:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US/Canada Self Employed Cross Border Tax Situation
- Replies: 6
- Views: 4694
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 ...
- Mon Apr 09, 2007 9:54 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 1040 effective tax rate
- Replies: 16
- Views: 15225
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...
- Mon Apr 09, 2007 7:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US/Canada Self Employed Cross Border Tax Situation
- Replies: 6
- Views: 4694
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...
- Mon Apr 09, 2007 7:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wrong/missing details in 1040NR filing,T1 filing joint anw?
- Replies: 3
- Views: 2870
- Mon Apr 09, 2007 7:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Hiatus for last-minute tax-filers
- Replies: 2
- Views: 2695
- Mon Apr 09, 2007 7:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Dual residence for married couple?
- Replies: 6
- Views: 4706
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....
- Mon Apr 09, 2007 6:52 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Where to enter Canadian income on Form 1040?
- Replies: 5
- Views: 5337
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...
- Mon Apr 09, 2007 4:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Rev. Proc 2002-23, rsp dist. - Clarification and help
- Replies: 4
- Views: 3740
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. ...
- Mon Apr 09, 2007 4:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to apply 1116 for vested stock option
- Replies: 6
- Views: 4271
- Mon Apr 09, 2007 4:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: LIRA Witholding Rate?
- Replies: 16
- Views: 11492
- Mon Apr 09, 2007 3:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to apply 1116 for vested stock option
- Replies: 6
- Views: 4271
- Mon Apr 09, 2007 2:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to apply 1116 for vested stock option
- Replies: 6
- Views: 4271
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...
- Mon Apr 09, 2007 2:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Where to enter Canadian income on Form 1040?
- Replies: 5
- Views: 5337
- Mon Apr 09, 2007 2:23 pm
- Forum: Business & Personal Immigration to Canada
- Topic: US Citizen married to CAN wants to emigrate
- Replies: 6
- Views: 12880
- Mon Apr 09, 2007 2:10 pm
- Forum: Business & Personal Immigration to the United States
- Topic: Working for Canadian employer on dependant visa
- Replies: 6
- Views: 11213
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...