Ignore my last post. Look at this image instead:
[img]https://imagebin.ca/v/3uK2RcwaUJmV[/img]
Search found 63 matches
- Fri Mar 09, 2018 5:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Family Tax Credit on 1040NR?
- Replies: 23
- Views: 10156
- Fri Mar 09, 2018 4:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Family Tax Credit on 1040NR?
- Replies: 23
- Views: 10156
Taxable income on 1040NR is higher than 1040 MFJ and hence the taxes: MFJ US Income $70,000 CA Income $10,000 Std deduction ($24,000) [b]Taxable Income $56,000 Tax $6,339 Tax rate (Tax / Taxable income) 11.32%[/b] XXV 1040NR US Income $70,000 Itemized deduction (State tax withheld) ($4,000) [b]Taxab...
- Fri Mar 09, 2018 3:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Family Tax Credit on 1040NR?
- Replies: 23
- Views: 10156
If I don't make many trips to Canada (say a total of 10 weekend trips) and my stay in Canada is < 100 days can I then shield all my US income by taking deductions on Line 256 (invoking Article IV ) of the T1 return ? If that's possible then I can bring the US taxes down (by making 401 K / HSA contri...
- Fri Mar 09, 2018 3:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Family Tax Credit on 1040NR?
- Replies: 23
- Views: 10156
Sorry for the late reply :-(. 1040MFJ I meant filing 1040 using section 6013-6 Election for my wife to be treated as resident for tax purposes. In this scenario FBAR/RRSP/LIRA/TFSA should be reported. Right ? Comparison of tax under different scenarios: (1) MFJ 1040: 6,000 (2) XXV 1040 NR: 7,500 (3)...
- Sun Mar 04, 2018 8:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Family Tax Credit on 1040NR?
- Replies: 23
- Views: 10156
- Sun Mar 04, 2018 8:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Family Tax Credit on 1040NR?
- Replies: 23
- Views: 10156
- Sun Mar 04, 2018 9:25 am
- Forum: Canada / United States Tax & Accounting
- Topic: Family Tax Credit on 1040NR?
- Replies: 23
- Views: 10156
- Tue Apr 05, 2016 9:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: Can 1040NR taxpayer file State resident tax return ?
- Replies: 2
- Views: 1656
- Tue Apr 05, 2016 8:09 am
- Forum: Canada / United States Tax & Accounting
- Topic: Can 1040NR taxpayer file State resident tax return ?
- Replies: 2
- Views: 1656
Can 1040NR taxpayer file State resident tax return ?
Canadian Citizen worked in Indiana on TN-1 during the week (returning to Toronto for the weekend) Had an apartment (paid rent, utilities, etc.) in Indiana Only source of income is from the job in Indiana Based on the state tax document it seems I can. I will have file MFS (has to be same as the fili...
- Tue Apr 05, 2016 8:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: Sequencing question: W7, 1040X w/2014-1040NR, 2015-1040NR
- Replies: 5
- Views: 3443
- Tue Apr 05, 2016 6:36 am
- Forum: Canada / United States Tax & Accounting
- Topic: Sequencing question: W7, 1040X w/2014-1040NR, 2015-1040NR
- Replies: 5
- Views: 3443
Sequencing question: W7, 1040X w/2014-1040NR, 2015-1040NR
Option-1 File W7 with 1040X/2014-1040NR File extension for 2015-1040NR After receiving ITIN for the dependents file 2015-1040NR Option-2 File W7 with 2015-1040NR After receiving ITIN for the dependents file 1040X/2014-1040NR Which option is better ? Note: I am not considering sending themm all toget...
- Mon Mar 21, 2016 10:03 am
- Forum: Canada / United States Tax & Accounting
- Topic: T1-ADJ to adjust RRSP deduction in the past year(s)
- Replies: 5
- Views: 2571
- Mon Mar 21, 2016 5:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: T1-ADJ to adjust RRSP deduction in the past year(s)
- Replies: 5
- Views: 2571
- Mon Mar 21, 2016 5:21 am
- Forum: Canada / United States Tax & Accounting
- Topic: T1-ADJ to adjust RRSP deduction in the past year(s)
- Replies: 5
- Views: 2571
- Sun Mar 20, 2016 5:25 pm
- Forum: Canada / United States Tax & Accounting
- Topic: T1-ADJ to adjust RRSP deduction in the past year(s)
- Replies: 5
- Views: 2571
T1-ADJ to adjust RRSP deduction in the past year(s)
Hello Nelson, I got a bigger refund from IRS (due to clerical error) for 2015. This reduced the foreign taxes paid. I have to adjust my T1 (using T1-ADJ) to reflect this. Now CRA taxes owed has increased :-(. Can I increase my RRSP deductions for 2015 now (through T1-ADJ) to offset the decrease in f...