Serbinski Accounting Firms

On your death you have no choice all your assets are sold at FMV in Canada and you have to file an Eastate tax return also in the US taxes paid in Canada can be used to offset tax in the US sionce you are a USC. THis is entirely dealt with by your will in it determiones who is a beneficiary if the c...

ITs simple file the exemption certificate with CRA and MRQ RIGHT NOW!!!! the notary will then release the funds and charge you only the tax that the govt agrees to you still must file a tyax return at year end biut at least the withholding is reduced. Why would you not yet file the form , you know i...

THe services are performed in Canada no matter what the set up is. The Clent is CND that has an off ice in WA but the contract was to provide them the service for their WA office . The withholding tax in Canada should not apply its simply a CND company paying another CND company your issue in in the...

If you transfer anything to a trust right now while alive its an inter vivos trust you will be deemed to have sold everything at fair market value you will need to set up a trust with a beneficiary (ies) and executor and you would be the settlor the one establishing the trust. If you are also the ex...

The LLC in the US is deemed for Canadian purposed to be a corporation so the income you receive as a member is a dividend and yest there is supposed to be withholding tax at the reduced rate by treaty dividends. You can not claim any expense on this you must file a T2 in Canmada and take out the inc...

If you file single you exclude $ 250 k gain if you file joint $ 500K. You may be able to filie a joint return even if your spouse is NR to exclude all the gain depends on her income and country of residence. Yu can not give her a portion of the cost basis then use that as a % to exclude te gain you ...

Technically you still have to file a tax return for 2015 to show this is your principle residence and claim the exemption, were almost at the end of Nov 2015 and you could thereticvally file the return in Jan 2016 for 2015 and claim back the taxes from Rev Québec so save your money and simply file ...

This income you earn from your corp in Canada will most likely not be considered as PSB since its not earned from the client directly but earned through an agency who is sourcing you the income. The client is in Canada so I guess you do not travel to the US at all to service this client. YOur questi...

I do not think anyone will chase you for $17 but make sure theyknow you are a non resident in case the numbers go up in the future and you have to worry abou this unless you are filing wben forms to exempty oncome from tax witholdings.

AS a non resident it 25% of the income as witholding tax you then file tax return at end of the year and pay the tax owed you should get a refund if you paid it on Gross income then calim expenses at year end.

If you can ot find an agent to do the 25% of the Net then simply pay the 25% of the Gross ( you do not need to file NR6 for gross tax) then file the sec 216 tax retun at end of the year and get your refund, this way no agent required.

iT WAS YOUR PRINCIPLE RESIDENCE, no tax yes the tax was sent in because you did not file the proper proof to show it was your principle residence, you should never leave this to a Notary to do hire an accountant I do this all the time from Notary's who ask me to do it for them they are not tax exper...

Be carefull, in the US tax prep fees are deductible as an itemized deduction assuming you do get any deduction vs statndard deduction. In Canada NO tax prep fees are deductible as carrying charges if they do not relate to business or investment income recordkeeping or filings the cost of personal ta...

By filing the forms in advance you can limit the withholding to be based on the actual gain not the gross proceeds but then you still need to file a tax return in April to disclose the actul gain and be tax on that less the withholding CRA took. It depends on the gain it probably may be zero id it w...

Why would you want a CND home in A foreign trust? Just set up a CND trust if you want this type of vehicle the CND residential trust will hold the property and for estate purposes will qualify as a trust without any withholding tax issues.