Search found 15910 matches

by nelsona
Mon Jun 17, 2019 8:13 am
Forum: Canada / United States Tax & Accounting
Topic: Ontario health card and dual taxation
Replies: 2
Views: 161

Re: Ontario health card and dual taxation

You don't have to cancel these to be non-resident (they aren't primary residential ties) , but you can't use OHIP, and you must get state DL within 30 days of moving.
by nelsona
Mon Jun 17, 2019 8:11 am
Forum: Canada / United States Tax & Accounting
Topic: TD Now Allows Mutual Funds for US RRSP Holders
Replies: 4
Views: 306

Re: TD Now Allows Mutual Funds for US RRSP Holders

Been a TD direct RRSP holder for 15 years (after Altamira was bought out) and only invested in TD mutuals the whole time.
by nelsona
Wed Jun 12, 2019 5:00 pm
Forum: Canada / United States Tax & Accounting
Topic: IRA withdrawal
Replies: 5
Views: 234

Re: IRA withdrawal

No, because you are not taxable in Canada due to low income. However, you would (and should) file a 1040NR, reporting the IRA on page one, and get most if not all your withholding back.
by nelsona
Wed Jun 12, 2019 4:57 pm
Forum: Canada / United States Tax & Accounting
Topic: TD Now Allows Mutual Funds for US RRSP Holders
Replies: 4
Views: 306

Re: TD Now Allows Mutual Funds for US RRSP Holders

TD Direct Investing has always allowed this. Are you talking TD Canada Trust?
by nelsona
Mon Jun 03, 2019 6:07 am
Forum: Canada / United States Tax & Accounting
Topic: Quebec-USA double tax avoidance
Replies: 1
Views: 149

Re: Quebec-USA double tax avoidance

All provinces honor the treaty, including QC.
Not sure what you mean? What "employment income" and "capital gains" provisions are you talking about.

Not sure why you would thing the 183 days matter. your actual residency starting date determines filing, not whether you moved before or after July 1.
by nelsona
Mon Jun 03, 2019 6:04 am
Forum: Canada / United States Tax & Accounting
Topic: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
Replies: 26
Views: 1169

Re: US tax for RRSP RIF distribution Taxable and Foreign tax Credit

The BOY is the value on 1/1 of the year. It would take into account growth/loss as well as any distributions.
by nelsona
Thu May 30, 2019 10:32 am
Forum: Business & Personal Immigration to Canada
Topic: Canadian attribution of income on gifted funds
Replies: 1
Views: 176

Re: Canadian attribution of income on gifted funds

Please ask this on the tax forum. We've had a post or 2 in the past on this.
by nelsona
Wed May 29, 2019 3:51 pm
Forum: Canada / United States Tax & Accounting
Topic: US Citizenship and Immigration nonresidence letter
Replies: 4
Views: 256

Re: US Citizenship and Immigration nonresidence letter

Just tell them you are a CDN resident. This has nothing to do with US.

Better yet, tell them you will take your business elsewhere.
by nelsona
Wed May 29, 2019 3:49 pm
Forum: Canada / United States Tax & Accounting
Topic: RPP Withdrawals
Replies: 2
Views: 149

Re: RPP Withdrawals

RPPs, Pensions and LIRAs are, unlike some personal RRSPs, fully taxable in US. All Cdn tax paid, which should be no more than 15%, can be used as a credit on Form 1116, or as an itemized deduction on Schedule A.
by nelsona
Tue May 28, 2019 8:17 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian T1135 Reporting for Part-Year Residents
Replies: 13
Views: 357

Re: Canadian T1135 Reporting for Part-Year Residents

No, looks like my original answer, several years ago, still applies, you will have to file T1135, if you meet the thresholds.

I wouldn't waste anymore time on this issue, since it is merely a form, nothing to get worked up about. Like FBAR.
by nelsona
Tue May 28, 2019 8:14 am
Forum: Canada / United States Tax & Accounting
Topic: Working Remotely From Canada for US company
Replies: 9
Views: 350

Re: Working Remotely From Canada for US company

Check wioth your province, our your lawyer.
by nelsona
Tue May 28, 2019 8:13 am
Forum: Canada / United States Tax & Accounting
Topic: US Citizenship and Immigration nonresidence letter
Replies: 4
Views: 256

Re: US Citizenship and Immigration nonresidence letter

There is no such letter.

Is iTraDE a Cdn brokerage? If so, wouldn't proof of Cdn residency be better, like an NR74 from CRA? Have you lived in US in the past?
by nelsona
Mon May 27, 2019 9:28 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian T1135 Reporting for Part-Year Residents
Replies: 13
Views: 357

Re: Canadian T1135 Reporting for Part-Year Residents

I guess we will need to file when we RETURN, if we meet the threshold.
by nelsona
Mon May 27, 2019 9:27 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian T1135 Reporting for Part-Year Residents
Replies: 13
Views: 357

Re: Canadian T1135 Reporting for Part-Year Residents

Fine. I try not to remember anything about that form because the rules changes WILDLY (in terms of tax rules) every year.

Determine what you need to do in the spring after you return to Canada. My point was that it is no different whether you are new or former resident.