Search found 22 matches

by erfan1985
Thu Mar 04, 2021 8:44 pm
Forum: Canada / United States Tax & Accounting
Topic: TFSA contributions just before leaving Canada
Replies: 13
Views: 5152

Re: TFSA contributions just before leaving Canada

Thanks

Do I need to report the interest that I received from a Canadian bank after I left to CRA? I read that there is no tax on them for non-residents.
by erfan1985
Wed Mar 03, 2021 8:27 pm
Forum: Canada / United States Tax & Accounting
Topic: TFSA contributions just before leaving Canada
Replies: 13
Views: 5152

Re: TFSA contributions just before leaving Canada

It seems like they do not offer this service: https://turbotax.community.intuit.ca/community/credits-deductions/discussion/does-turbo-tax-also-generate-forms-t1161-and-t1243-related-to-departure-tax-for-canada-non-residents/00/934165 I need to fill manually T1161 and T1243, and mail that separately ...
by erfan1985
Wed Mar 03, 2021 4:40 pm
Forum: Canada / United States Tax & Accounting
Topic: TFSA contributions just before leaving Canada
Replies: 13
Views: 5152

Re: TFSA contributions just before leaving Canada

Thanks it worked. So should I file deemed disposition or it s optional? I just had a stock portfolio which was in 500 to 1000 cad profile on the day I left. I dont see this deemed disposition filing on turbotax.
by erfan1985
Wed Mar 03, 2021 1:47 pm
Forum: Canada / United States Tax & Accounting
Topic: TFSA contributions just before leaving Canada
Replies: 13
Views: 5152

Re: TFSA contributions just before leaving Canada

I use Turbotax. it first asks me where I was living in canada in Dec 31 2020; There are provinces listed + Non-resident + deemed resident + non-resident S.216 and s.217. I picked 'non-resident'. and then it gives me these options to choose from: I was a non-resident of Canada I was a deemed non-resi...
by erfan1985
Wed Mar 03, 2021 2:28 am
Forum: Canada / United States Tax & Accounting
Topic: TFSA contributions just before leaving Canada
Replies: 13
Views: 5152

TFSA contributions just before leaving Canada

I moved from CA to USA in July 2 2020 and would like to file my taxes as non-resident of Canada. I have had some TFSA contributions before I left. I am wondering how CRA will know of my moving date, so that it does not penalise me for TFSA contribution while non-resident? Anywhere during the tax fil...
by erfan1985
Sun Dec 06, 2020 2:15 am
Forum: Canada / United States Tax & Accounting
Topic: US resident: Report Canadian income before arrival?
Replies: 3
Views: 1545

Re: US resident: Report Canadian income before arrival?

Thanks. Does this apply to earnings from my registered and non-registered Canadian accounts? Should I only report capital gain/loss, dividend, and interest after I moved to US? or this time I report all the year? I was reading here that it's got to be from the beginning of the year. That's what make...
by erfan1985
Sat Dec 05, 2020 6:21 pm
Forum: Canada / United States Tax & Accounting
Topic: US resident: Report Canadian income before arrival?
Replies: 3
Views: 1545

US resident: Report Canadian income before arrival?

I moved from Canada to USA on July 2 and will be considered a non-resident of Canada and a US resident alien for tax purposes (according to 183 days rule). Before moving to US I was employed in Canada and received wages and paid taxes. I have a question: When filing the tax return next year with IRS...