Search found 18244 matches

by nelsona
Tue Apr 17, 2007 3:27 pm
Forum: Canada / United States Tax & Accounting
Topic: Quebec/US/Canada tax
Replies: 9
Views: 5876

A quebec tax expert is not a cross-border expert. She would know what FICA is if she were.
by nelsona
Tue Apr 17, 2007 3:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Quebec/US/Canada tax
Replies: 9
Views: 5876

The "2 year" rule is no longer in effect. Neither are you required to intend to never come back to canada.
by nelsona
Tue Apr 17, 2007 3:22 pm
Forum: Canada / United States Tax & Accounting
Topic: Quebec/US/Canada tax
Replies: 9
Views: 5876

Please, if you have a home in US and none in canada, you are not resident in canada. All the things you mentionned are secondary to a home. If you left canad in 2006, you are an emigrant. Look at it this way: If you are still resident now, what event will make you non-resident? giving up one or more...
by nelsona
Tue Apr 17, 2007 11:03 am
Forum: Canada / United States Tax & Accounting
Topic: Quebec/US/Canada tax
Replies: 9
Views: 5876

http://www.cra-arc.gc.ca/F/pub/tg/t4056/t4056-06f.pdf Êtes-vous un émigrant? En général, vous êtes un émigrant aux fins de l’impôt si vous quittez le Canada pour vous établir dans un autre pays et que vous rompez vos liens de résidence au Canada. Vous avez rompu vos liens de résidence si...
by nelsona
Tue Apr 17, 2007 10:59 am
Forum: Canada / United States Tax & Accounting
Topic: Quebec/US/Canada tax
Replies: 9
Views: 5876

This is incorrect. You are an emigrant. You do not have to meet the SPT if you are going to meet the SPT. You are a residdnt of US is you have a home in US and none in canada. Now, if you still have a home in canada (not rented out) this might be another story. You need to file a departure return. C...
by nelsona
Tue Apr 17, 2007 9:41 am
Forum: Canada / United States Tax & Accounting
Topic: Nonresident alien - reporting cap gains dist/dividends
Replies: 13
Views: 8228

I have to admit, that 1040NR, since it ALWAYS results in over-taxation, is not my strong suit. I think you have the tax treatment of your dividends correct. I do want to point out however, that all you are reading on IRS website is IRS regulations, which are ALWAYS superceded by treaty, if it is to ...
by nelsona
Tue Apr 17, 2007 7:11 am
Forum: Canada / United States Tax & Accounting
Topic: Filing extra forms
Replies: 1
Views: 1664

you can't file 1040NR, since you live in US. You must report your world income on a 1040, you wife CAN join you on that 1040, if she too reports world income. She can exempt her Cdn wages only by Form 2555. Your wife must also file in canada, as a departing resident. She will be issued a tax ID when...
by nelsona
Tue Apr 17, 2007 4:44 am
Forum: Business & Personal Immigration to the United States
Topic: Volunteering
Replies: 3
Views: 4746

As I said, you can volunteer for organizations that typically have volunteers. If your position is typically unpaid, you are fine (it was ven advertized as such).

Red cross volunteers are not paid, and are volunteeers, even though many in that organization have (over)paid jobs.

You are fine.
by nelsona
Tue Apr 17, 2007 4:37 am
Forum: Canada / United States Tax & Accounting
Topic: Quebec/US/Canada tax
Replies: 9
Views: 5876

Since you moved to US, you are considered to have departed Canada (and QC). You file a departure return for canada andQC, reporting none of the US income. Since you report none of the US income, you need no credit for any US tax.
by nelsona
Tue Apr 17, 2007 4:32 am
Forum: Canada / United States Tax & Accounting
Topic: Nonresident alien - reporting cap gains dist/dividends
Replies: 13
Views: 8228

You should have an exemption for yourself, no? You report your dividends on line 10. The 15% is the upper limit of the US tax you could pay. You still calculate the tax normally by including it on your return. Only if the calculated tax was greater than 15% would you invoke the 15% limit. Your tax i...
by nelsona
Mon Apr 16, 2007 4:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Tax Question about my RRSP
Replies: 0
Views: 3886

Please read threads on Form 8891. You must report the EXISTENCE of your RRSP, not the income. Your RRSP is tax-defferred in canada, not tax-free. You may choose the same treatment in US. You cannot transfer RRSP to anything without paying 25% Cdn tax. There is no mechanism for taking money from RRSP...
by nelsona
Mon Apr 16, 2007 4:23 pm
Forum: Canada / United States Tax & Accounting
Topic: Nonresident alien - reporting cap gains dist/dividends
Replies: 13
Views: 8228

See what I mean? You WERE a US resident, and continue to be so, if you wish. The important phrse on that page is "unless a tax treaty provides for a lesser rate of taxation". In your case it does, and that rate is '0%', as a non-resident by treaty. (Art. XIII (4)). Only cap gains resulting...
by nelsona
Mon Apr 16, 2007 3:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian permanent resident commuter to US
Replies: 9
Views: 5420

Not that I know of.
by nelsona
Mon Apr 16, 2007 12:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Nonresident alien - reporting cap gains dist/dividends
Replies: 13
Views: 8228

The treaty does indeed class these workers as Cdn residents. (Art.IV(5)) However, the non-discrimination clause (especially para. 2 which deals with 3rd country nationals) would apply here, if she wanted. In any event, if the poster does not wish to avail herself of that provision, she would report ...
by nelsona
Mon Apr 16, 2007 12:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Nonresident alien - reporting cap gains dist/dividends
Replies: 13
Views: 8228

I explained how you report your income: on a 1040, just like everyone else who lives in US!! 1040NR is not for you. As you ahve seen it is disadvantageous, thus you are allowed to file 1040. If you need instructions on how to fill out 1040, then use software. Just remember to report all your income ...