Search found 140 matches

by worryfreeinvestor
Mon Jan 20, 2014 10:42 am
Forum: Canada / United States Tax & Accounting
Topic: Pre- US naturalization but return to Canada: Should I do it?
Replies: 9
Views: 1508

Pre- US naturalization but return to Canada: Should I do it?

I appreciate that this is a question which nobody can definitively answer, because there are a lot of personal choices that can't really be assessed by strangers. Nevertheless, it may draw out a few facts that would help. I am a Canadian citizen who moved to US in 2005 and now have green card. Sched...
by worryfreeinvestor
Mon Jan 20, 2014 10:27 am
Forum: Canada / United States Tax & Accounting
Topic: Other 1040/NR obstacles
Replies: 10
Views: 2492

Can one just rigwrite "ZILCH"? (kidding.)
by worryfreeinvestor
Mon Jan 20, 2014 10:23 am
Forum: Canada / United States Tax & Accounting
Topic: Tax compare btw Canada and US
Replies: 7
Views: 2597

I see you have included state income tax. However, you have not included sales tax/GST. In the U.S. state sales tax is between zero and eight or nine percent, and no federla GST. In Canada, the combined rate is about fifteen percent, right? So, I think you have to look at consumption taxes as well a...
by worryfreeinvestor
Wed Jan 08, 2014 6:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Commuting daily across border: Where taxable
Replies: 1
Views: 577

Commuting daily across border: Where taxable

I have not quite seen this situation in the threads: Joe is a citizen of Canada and a citizen of the U.S. He lives in Blaine, WA and works as an independent contractor for a firm in Surrey, BC. The firm pays him gross. He goes that office (in Canada) to work. To be clear: Every night, he sleeps in B...
by worryfreeinvestor
Wed Aug 28, 2013 9:36 am
Forum: Canada / United States Tax & Accounting
Topic: Converting RRSP to RIFF for US Resident
Replies: 18
Views: 9961

RRSP: Waiting until age 70

This question is not really a cross-border issue. It would be relevant to a Canadian resident too. CPP is adjusted for inflation but it's not clear to me whether the benefit from deferring until age 70 is also adjusted for inflation. For example, suppose I log into Service Canada as I approach my 65...
by worryfreeinvestor
Wed Aug 28, 2013 9:26 am
Forum: Canada / United States Tax & Accounting
Topic: RRSP and 1099-DIV dividends!
Replies: 8
Views: 5056

I'd recommend switching RRSPs to TD Waterhouse. They've never asked me for a W-9 or issued a 1099-DIV or withheld tax on my RRSP.
by worryfreeinvestor
Tue Aug 13, 2013 4:01 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Spousal Annuitant on RRIF
Replies: 11
Views: 4435

RRIF

OK: He files married filing separately. She doesn't file at all. I still don't see how or why the IRS can lay a hand on his widow as long as they never move to the U.S.
by worryfreeinvestor
Tue Aug 13, 2013 3:50 pm
Forum: Canada / United States Tax & Accounting
Topic: Converting RRSP to RIFF for US Resident
Replies: 18
Views: 9961

RRSP

I see: I can't imagine a scenario in which a taxable U.S. resident would try to put income in to an RRSP rather than an IRA, 401(k), or other U.S. tax-deferred vehicle.
by worryfreeinvestor
Mon Aug 12, 2013 5:53 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Spousal Annuitant on RRIF
Replies: 11
Views: 4435

RRIF

Why would your Canadian wife have any implications from your backfiling U.S. taxes? Perhaps you should file as a single non-resident rather than married filing jointly? If your wife lives in Canada is not a U.S. citizen, her income and assets are of no interest to the IRS - even less so once you hav...
by worryfreeinvestor
Mon Aug 12, 2013 5:45 pm
Forum: Canada / United States Tax & Accounting
Topic: Converting RRSP to RIFF for US Resident
Replies: 18
Views: 9961

RRSP TD Waterhouse

I try never to disagree with nelsona, but I'd be very surprised if a non-resident could open an RRSP at TD Waterhouse or anywhere else, because a non-resident cannot make contributions to an RRSP. That being said, when I left Canada in 2005 to move to the U.S., I left my RRSP with TD Waterhouse. Sin...
by worryfreeinvestor
Wed Mar 28, 2012 5:01 pm
Forum: Canada / United States Tax & Accounting
Topic: Depositing U.S. dollar check drawn on CDN bank into U.S bank
Replies: 16
Views: 5472

US$ check on Canadian bank

Amerinuck, when you deposit a US$ check drawn on a US$ account at a bank in Canada into your US bank, do they charge you a fee to accept the deposit? Or do they treat it lik any other US$ check from a US bank? To be precise, if I have a US$ checking account at Bank of Montreal at my branch in Ottawa...
by worryfreeinvestor
Wed Mar 14, 2012 1:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Depositing U.S. dollar check drawn on CDN bank into U.S bank
Replies: 16
Views: 5472

Thanks. Which forex broker would you recommend?
by worryfreeinvestor
Mon Mar 12, 2012 4:04 pm
Forum: Canada / United States Tax & Accounting
Topic: Depositing U.S. dollar check drawn on CDN bank into U.S bank
Replies: 16
Views: 5472

Apologies: that's a very sloppy typo. I sort of ran two sentences in my mind together when they hit the page. Will be more careful in future! Before immigrating to the US a few years ago I had a C$ checking a/c and a US$ checking a/c at my CDN bank. When I moved to US I closed the US$ a/c but left t...
by worryfreeinvestor
Mon Mar 12, 2012 3:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Depositing U.S. dollar check drawn on CDN bank into U.S bank
Replies: 16
Views: 5472

In the short term, I'm doing it through a family member. Eventually I'll get back to Canada and set up a US$ checking account. What is remarkable is that I have a C$checking account and the same bank will not let me set up a US$ checking account unless I walk into the branch in Canada. Amerinuck, I ...
by worryfreeinvestor
Sun Mar 11, 2012 1:47 pm
Forum: Canada / United States Tax & Accounting
Topic: Depositing U.S. dollar check drawn on CDN bank into U.S bank
Replies: 16
Views: 5472

Thanks. I did an ETF back in 2006 but now my CDN bank says it won't anymore - only a wire txr which is more expensive. How about having a family member in Canada mail me a US$ postal order? (Although I have seen letter-mail from Canada to US take 2 wks!)