Search found 143 matches

by worryfreeinvestor
Fri Mar 31, 2006 2:22 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian provincial tax for non-residents
Replies: 13
Views: 5305

T1161

Yes, but because I sold most of my stocks, my property was cash when I moved it into the U.S. and I had less that $25,000 of stocks (the losers). Even if I then bought millions of dollars of stocks a day after I arrived in US, no T1161 for me, correct?
by worryfreeinvestor
Fri Mar 31, 2006 2:09 am
Forum: Canada / United States Tax & Accounting
Topic: Best tax arrangement for a Canadian working for a US company
Replies: 9
Views: 3266

Are you a Canadian citizen? Then just move back to Canada and change your relationship from employee to consultant. The company pays you and you pay all your taxes in Canada and none in the US. Of course, if you're a salesperson or something like that and plan to travel frequently to the U.S., US im...
by worryfreeinvestor
Tue Mar 28, 2006 11:46 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian provincial tax for non-residents
Replies: 13
Views: 5305

I can handle anything

I suppose I am being a big baby. Actually I despise all software: I just enjoy the dialogue on this forum! Yes, I understand I'll have to print out and mail the return anyway, but I don't see why I'd want to if the software doesn't do the arithmetic for me. What I was hoping for was software that ca...
by worryfreeinvestor
Tue Mar 28, 2006 1:10 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian provincial tax for non-residents
Replies: 13
Views: 5305

Ufile and Quicken

I just did Ufile and it does not appear possible to enter deemed disposition of property in the year of departure. This requires T1234 and the Ufile help index does not list that form as one supported by the software. Whether or not it used my date of departure to accurately calculate provincial tax...
by worryfreeinvestor
Fri Mar 24, 2006 12:00 am
Forum: Canada / United States Tax & Accounting
Topic: departure date related questions
Replies: 5
Views: 2708

Departure date in 2005?

I am using Quicktaxweb (which may be less sophisticated than Quicktax) and there is NOWHERE to put a departure date. In fact, if you put in "BC" as province of residence, it freezes when you get to the mailing address because it only accepts a Canadian mailing address and freaks out at a ZIP code in...
by worryfreeinvestor
Thu Mar 23, 2006 11:42 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian provincial tax for non-residents
Replies: 13
Views: 5305

Which software?

Please don't keep me guessing: which software did you use and which did you prefer?
by worryfreeinvestor
Tue Mar 21, 2006 2:06 am
Forum: Canada / United States Tax & Accounting
Topic: Tax software for doing both Canadian and U.S returns
Replies: 19
Views: 8823

Quicktaxweb

I'm using Quicktaxweb and I'm losing confidence it's going to work. I can't see anywhere to put a departure date, nor do I see form T1243 (Deemed Disposition of Property by An Emigrant of Canada). Also, one of the first questions is "Select the province or territory you were a resident of on Decembe...
by worryfreeinvestor
Tue Mar 21, 2006 1:56 am
Forum: Canada / United States Tax & Accounting
Topic: TN to H1B: first year taxes
Replies: 2
Views: 2058

TN1 H1B

Your question requires a daylong tutorial. However, I can tell you that switching from TN1 to H1B is irrelevent for tax purposes.
by worryfreeinvestor
Tue Mar 21, 2006 1:53 am
Forum: Canada / United States Tax & Accounting
Topic: Doing my own Cdn taxes
Replies: 10
Views: 4720

TurboTax

TN Holder, is 2005 the year in which you moved to the US, or were you there the full year? If the former, I'm glad to hear Turbo Tax worked for you. Did you elect to file as a U.S resident for the whole year or file a 1040NR with the date of arrival?
by worryfreeinvestor
Thu Feb 16, 2006 11:24 am
Forum: Canada / United States Tax & Accounting
Topic: I Bonds at TreasuryDirect
Replies: 9
Views: 3513

Thanks again, nelsona. Because the TreasuryDirect help desk gave me bad advice before, with reference to who is a resident in its eyes, can I ask you to please post the legal/regulatory reference that will allow me to keep the I-Bonds if I go back to Canada?
by worryfreeinvestor
Thu Feb 16, 2006 11:22 am
Forum: Canada / United States Tax & Accounting
Topic: Tax software for doing both Canadian and U.S returns
Replies: 19
Views: 8823

Thanks. I tried searching other threads with not much success, but I'll try again. Yes, I sold only winning stocks (not that easy in 2005) and kept the losers.
by worryfreeinvestor
Thu Feb 16, 2006 11:20 am
Forum: Canada / United States Tax & Accounting
Topic: Digital Moose Lounge Expat Survival Day Mar 4 Santa Clara CA
Replies: 3
Views: 1605

I just meant that since Serbinski is kind enough to host the forum, which must cost his business something, I wanted to express some gratitude to him!
by worryfreeinvestor
Tue Feb 14, 2006 3:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Digital Moose Lounge Expat Survival Day Mar 4 Santa Clara CA
Replies: 3
Views: 1605

Digital Moose Lounge Expat Survival Day Mar 4 Santa Clara CA

This Digital Moose Lounge Canadian networking group holds this event every year. It covers both tax and immigration issues. Anyone have any experience with the tax section of the event? Is it worthwhile? The tax accountants presenting are from Keats Connelly ("The Border Guide"). (Not as good as Ser...
by worryfreeinvestor
Tue Feb 14, 2006 3:31 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax software for doing both Canadian and U.S returns
Replies: 19
Views: 8823

Married filing jointly and a request for MaggieA

2005 was my departure year from Canada to U.S. (May 1). My wife and I sold our Canadian equities in April 2005 in order to realize the capital gain. This is because we plan to remain in the U.S. indefinitely and understood (from "The Border Guide" book) that the tax treaty does not address capital g...
by worryfreeinvestor
Tue Feb 14, 2006 3:11 pm
Forum: Canada / United States Tax & Accounting
Topic: I Bonds at TreasuryDirect
Replies: 9
Views: 3513

I-Bonds

What if I lose my job and visa and have to move back to Canada? Do you think I have to cash in my I-Bonds or does the fact that I was a tax-resident when I purchased them mean that I can keep them?