Search found 143 matches

by worryfreeinvestor
Thu Jan 12, 2006 8:37 pm
Forum: Canada / United States Tax & Accounting
Topic: From which province did I depart?
Replies: 3
Views: 1699

Thanks. As for the armed forces: of course there's a reason! Like all goverment agencies they are lazy, so they just ship out the Ontario version. Actually, the bases in Germany were little Ontarios: the schools had the Ontario curriculum. Actually, although the taxes were calculated for Ontario, no...
by worryfreeinvestor
Thu Jan 12, 2006 5:05 pm
Forum: Canada / United States Tax & Accounting
Topic: From which province did I depart?
Replies: 3
Views: 1699

From which province did I depart?

I moved to the US on May 2, 2005. so I have to do both U.S. and Canadian tax returns. I had lived in Vancouver for many years, filing my T1 for BC residents annually like everybody else. I moved directly from Vancouver to San Francisco. Imagine my surprise when I received in my San Francisco mailbox...
by worryfreeinvestor
Mon Jan 02, 2006 3:56 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax software for doing both Canadian and U.S returns
Replies: 19
Views: 8871

Thanks for the advice. Is it the 1040NR that I file? I believe I file the regular 1040, with a residency starting date as determined by the substantial presence test. N'est ce pas? Or perhaps the U.S. tax software does not have the flexibility to have any start date other than January 1.
by worryfreeinvestor
Mon Jan 02, 2006 1:23 am
Forum: Canada / United States Tax & Accounting
Topic: Tax software for doing both Canadian and U.S returns
Replies: 19
Views: 8871

Tax software for doing both Canadian and U.S returns

I am trying to determine whether my reach exceeds my grasp, with respect to completing my taxes. I'm a Canadian citizen who moved to the California on May 2, 2005 to start work (TN1). Wife also Canadian but doesn't work (TD1). Plan to file 1040 as married joint. When I lived in Canada I always used ...
by worryfreeinvestor
Mon Jan 02, 2006 1:03 am
Forum: Canada / United States Tax & Accounting
Topic: Issues with new forum
Replies: 6
Views: 3199

It looks like when you post a reply to a topic, it gets sorted by the date of the reply, not the original posting. Not sure if this is new or not.
by worryfreeinvestor
Mon Jan 02, 2006 12:56 am
Forum: Canada / United States Tax & Accounting
Topic: CDN living and working in the US on a TN
Replies: 3
Views: 2409

Do you mean that you have been getting a new TN1 visa every year with the same company? Can you not have them get you an H1B? I ask because I do not think you are making much progress towards a green card if you just get a new TN1 annually, especially because the border guard can turn you down on a ...
by worryfreeinvestor
Fri Jul 15, 2005 1:11 am
Forum: Canada / United States Tax & Accounting
Topic: I Bonds at TreasuryDirect
Replies: 9
Views: 3538

Thanks, that is great news. I'm glad I asked. My info came from the horse's mouth, i.e. the TreasuryDirect help desk. I've got quite a little e-mail thread going with a lady there and she referred me to the relevant sections of the U.S.C.
by worryfreeinvestor
Thu Jul 14, 2005 1:25 am
Forum: Canada / United States Tax & Accounting
Topic: I Bonds at TreasuryDirect
Replies: 9
Views: 3538

I Bonds at TreasuryDirect

A desperate question from one who fears inflation... A "U.S. Person" can invest up to $30K annually in a US savings bond that has an inflation-adjusted, real return. It's called an "I Bond". One opens an account directly with the US Treasury via a service called TreasuryDirect. (If only the Bank of ...
by worryfreeinvestor
Thu Jul 14, 2005 1:18 am
Forum: Canada / United States Tax & Accounting
Topic: Health Spending Accounts (HSA): brand new topic!
Replies: 6
Views: 3531

Spoke to a chap at CRA Int'l Tax Svcs in Ottawa - just to change my mailing address, and I asked him. He had never heard of an HSA so he searched for few minutes on his database and came up with a blank. I think I'll invest in my HSA and let it go for now with CRA. I don't know how long I'll be in t...
by worryfreeinvestor
Mon Jul 11, 2005 11:27 am
Forum: Canada / United States Tax & Accounting
Topic: Health Spending Accounts (HSA): brand new topic!
Replies: 6
Views: 3531

Thanks, I was aware that the contribution is related to the deductible of the policy, but I wanted to keep my post simple because it's not the $ amount that concerns me but the tax treatment in Canada.
by worryfreeinvestor
Thu Jul 07, 2005 11:57 am
Forum: Canada / United States Tax & Accounting
Topic: Health Spending Accounts (HSA): brand new topic!
Replies: 6
Views: 3531

Health Spending Accounts (HSA): brand new topic!

In 2003, President Bush signed the Medicare Modernization Act, which allowed working-age folks to get out of PPOs and HMOs by purchasing a high-deductible health insurance plan and also opening up a Health Spending Account, which allows up to approx. $5125 annual contributions. One may pay medical b...
by worryfreeinvestor
Thu Jul 07, 2005 11:42 am
Forum: Canada / United States Tax & Accounting
Topic: keeping 401k and IRA after moving to canada
Replies: 53
Views: 28916

Norbert, are you able to give orders from Canada to TD Waterhouse USA to trade securities within your IRA or is TD Waterhouse USA only happy to mail you statements in Canada? (What with Ameritrade taking over TD Waterhouse USA, and TD taking over Ameritrade Canada, I'm sure everything will get all s...
by worryfreeinvestor
Thu Jul 07, 2005 11:31 am
Forum: Canada / United States Tax & Accounting
Topic: IRAs and returning to Canada
Replies: 18
Views: 8923

If I have a Roth IRA, and plan to move back to Canada, can I transfer the Roth IRA to a non-deductible IRA before I move back to Canada? (I suspect not, because it would change my US taxable income for previous years, requiring me to re-submit those 1040's, wouldn't it?)
by worryfreeinvestor
Mon Apr 25, 2005 11:55 pm
Forum: Canada / United States Tax & Accounting
Topic: Taxes on Canadian Government Strip Bonds
Replies: 7
Views: 4431

Nelsona, thanks for the advice. I now understand the US situation quite well, but you've confused me on the Canadian one! In your first reply in this thread, you pointed out that CRA taxes Canadian residents via annual accrual on strips. That's why Canadian residents don't tend to own them in unshel...
by worryfreeinvestor
Mon Apr 25, 2005 2:34 pm
Forum: Canada / United States Tax & Accounting
Topic: Taxes on Canadian Government Strip Bonds
Replies: 7
Views: 4431

I am a Canadian resident who will become a US resident in May 2005. In 1994, I bought a Canada stripped coupon that matures in 2013. Of course, it is in my RRSP, so I have paid no Canadian income tax on the accruing annual interest. After I've moved to the US, I plan to defer the taxes on the intere...