Serbinski Accounting Firms

[quote="nelsona"]Yes, it is immaterial. Most Cdns don't even get there own 2 year olds as dependants, so I wouldn't sweat this. Your a good brother though.[/quote]LOL! I'll take that consolation to the bank. ;-) What does this text from the Treaty imply? [quote]3. In determining the taxabl...

[quote="nelsona"]... and he would have to normally live with you when not in school.[/quote] Correct - I'd want to claim him on the Canadian return. Regarding the age: I believe the IRS considers a full time student under 24 as a dependent. Is that immaterial in Canada under the Tax Treaty...

Hi, I'm a US citizen working in Canada. My brother who is a US citizen goes to school in the US and I paid his rent in 2007 (around USD 11,000). Can I claim him as a dependent and if so, what kind of forms would I be required to fill. Also, what kind of supporting documentation would be required? Th...

[quote="nelsona"]using customhouse.com avoids having to open up 2 accounts; where is the convenience in that?[/quote]

He gets ATM access and all benefits of a local checking account in both countries. *Shrug* Works for me.

Open a TDBankNorth account in the US. Once you are in Canada; open a TDCanadatrust account.

Then, you can transfer USD to CAD from US to Canada, same day with only conversion charges due. Quite convenient.

Hi, Does the timing of application matter? Should I apply in March after my work permit has been renewed for 1 or 3 years more? Or should I apply now when this current permit expires in March '08? Basically does it matter how much time you have left on your current work permit when applying for skil...

[quote="Simon"]I'm looking for some help please. We are a family of five, myself, my wife & three teenage daughters, in Canada on a work permit with my job since 2003. We applied for PR, but were rejected earlier this year due to my wife being diagnosed with Colon Cancer while living h...

Hey nelsona, I've been thinking about this for the past 2 days - the negative thing i see out of me filing as an ON resident in 2006 would be that the CRA could re-assess me for 2005 and i'll owe them $1200. They'd also be curious regarding why i keep changing my filing status. Should i really rock ...

[quote="nelsona"]No, You are definitely a Cdn (and Ontario resident). Kudos, for getting a way with it for 1 year, but this scratching after the dependant credit has merely alerted them to your case. When you file an Nr74 as requested, it will become clear.[/quote] I don't have to file the...

[quote]I think the big problem you would have is if Ontario would ever find out that you are skipping out on their share of the taxes. I assume you have OHIP (which is further proof of living in Ontario). [/quote] But that's why i am paying the federal surtax. Canada is not losing out on me by me ge...

[quote="nelsona"]... and equiv to spouse is a whole different ballgame than dependant.[/quote]

New thread? ;)

[quote="nelsona"]Are you paying Ontario tax on your wages?[/quote]

I don't think so, since I filed as a "deemed resident" in 2005 and avoided provincial tax.

[quote="nelsona"] You are EITHER a US resident, or a Cdn one. Pick one and go with it.[/quote] I was thinking to myself: " Why is Nelson saying that I have claimed to not be a resident of either country, where did I say I'm not a US resident?" Then, I remembered taking the foreig...

I think for purpose of his tax liability structuring, he'd want to be a contractor vs. an employee. There's so many IT contractors where I work - nobody wants to be a highly paid employee in Canada. As you pointed out the question is more about ensuring that the equivalent US to CAD amount is paid. ...

I think section XXV.3 that you quoted - well, the CRA phone guys wouldn't readily know of that. And that'd override what I quoted above from the Personal Credits bulletin: http://www.cra-arc.gc.ca/E/pub/tp/it513r/it513r-e.html#P139_17712 But I'm a little concerned about your concern about my deemed ...