Serbinski Accounting Firms

1. Its your RRSP. The 'beneficiary' in Cdn terms is at death.

2. Yes the original filing was changed, and then changed back; but it was changed.

<i>nelsona non grata... and non pro</i>

You should talk to a US accountant on the advisability of renting out a home in which you have large cap gains to shelter, even temporarily.

But, otherwise, you are entitled to all the tax breaks as for any other investment property.

<i>nelsona non grata... and non pro</i>

1a. Yes you were correct, regardless of SPT. The fact that you had been resident the previousd year made you resident in your year of departure until Dec 31, or, had you shown that you had established another tax home, could have filed part-year. b. Yes, as above, plus the fact that by treaty you ca...

As the Rev Proc is worded, the election statement did not have to change from year to year once the first one was made, so the exact statement made for the 1996 year (had one decided to catch up back to that date) could be sent for every subsequent year regardless of any activity in the account (con...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">I hope you haven't run out of patience<hr height="1" noshade id="quote"></font id="quote"...

What did you do for 2002/2003?

And what's with this separate envelope thing? Where did you read that?

And you only needed the year-end balance on 2003 tax year, so why add it to all other years.


<i>nelsona non grata... and non pro</i>

canadatotwincities.com has a taxation page with my RP 02-23 examples.

<i>nelsona non grata... and non pro</i>

Again, I repeat that the CCTB is for low income earners.

<i>nelsona non grata... and non pro</i>

France?! Iceland?! Korea?! Get serious. Like it or not, The IRS (Treasury Department) DOES require that any US citizen holding a joint foreign account with anyone else, bofriend, husband, girlfriend, chicken (as part of total foreign holdings of more than $10k) to report it <u>and them</u>. If you d...

Typically, a couple/partnership/whatever sends several (3) TD forms, one for each person listing individually held accounts, and one listing joint accounts (bank, spousal RRSP, etc). Strikes me that you should have been sending in 2 all along, given that you surely have a joint checking account. ......

Yes.

These types of insurance deals are not good investments in either country of couse.

Buy INSURANCE from Insuarnce companies, and buy INVESTMENTS elsewhere.

There are multiple ways to defer taxation without using these terrible vehicles.

<i>nelsona non grata... and non pro</i>

You could be considered the resident of both countries, because of the non-arm's-length relationship with your tenant. But at worst, that would make you a 'deemed non-resident', and this would still not make your US income taxable in canada. By the way, I did see you posted on thay *other* website, ...

Talk to any Cdn accountant; this is not a cross-border issue, which is the focus of this board.

<i>nelsona non grata... and non pro</i>

As long as you have MORE ties in US than in canad, you won't have to pay Cdn tax on your US income. This is by treaty, which supercedes Cdn tax law. It would be better, though not required, that you condo be lease to a non-relative. Just remember to have tax withheld from the rent every month. (you ...

I would try again at TDW, since they give various answers depending on the office you call. The correct number for US residents is <b>1-866 303-0341</b>
Unless you are in OK, IL, and maybe GA, you should be fine.

<i>nelsona non grata... and non pro</i>