Serbinski Accounting Firms

If you spouse is no longer in canada, and you have no house or appartment at your disposal in canada, then you will no longer be a tax resident of Canada. You health covwerage will expire the day you move. You will need a new Drivers license in the US. Whether or not this decision to leave affects y...

To simplify, I would simply state that you return date be February 1 for both of you, since that is when you will take back your house. It doesn't matter for her, as her CDn wagaes would be subject to Cdn/BC tax in any event. It save you the trouble of having to repiort you january earning on your &...

Unless and untlil you sell or rent out you Cdn house, CRA will consider you a tax resident. Until November, at the least, you must report world income to CRA. It is spossible that from Novemeber you could be 'deemed non-resident' by virtue of having established tax residency in US and meeting treaty...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">unless carefully structured, buying the house in soemones name is constituted a gift.<hr height="1" noshade ...

I thought you were about to move to canada? In general, US contractors are not subject to Cdn tax unless they have a 'fixed-base' in Canada. The rules on 'fixed-base' can be pretty hard to nail down, so a talk with a Cdn accountant would be in order. Sometimes, even a desk at your clients can be int...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"> Not intending to claim tax for giving gift.<hr height="1" noshade id="quote"></font id="quot...

The 'land transfer tax' which is levied by the municipality has been around for years, it is also known as the welcome tax, and is due soon after closing. It will work out to about 1%. This will be nothing compared to the municipal/school tax you will have to reimburse the previous owner for your sh...

Wheter or not it is considered a gift from your parents, it will have no bearing on your taxes.

However, you buying them a house could be considered a gift by you to them, and this would inmpact your US taxes; you woiuld be liable for gift tax.

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

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">1. I only worked in Canada for three weeks this year, I have to file both US and Canadian Tax as a resident for this y...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">So in theory CRA might state that I was a resident for the tax purpose until June 2005 when the lease for our house wa...

That is pretty much what I said in response to your post on the other thread. How you file in either country has little bearing on your tax status in the other, except that you must, for Canada to grant you non-resident status, file as a resident somewhere else. According to your information, you wi...

When in doubt, go to the treaty: <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">1. Paragraphs 2(a) and 2(b) of Article XXIV (Elimination of Double Taxation) of the C...

Is there a particular reason that you did not declare yourself non-resident when you went to US? You would have avoid this headache altogether. What residential ties did you keep in Canada that made you still a resident? If I was correcting your return, I would be starting there. But, if you really ...

Depends what you meen by "dual-status". In US, in the year you arrive, if you arrived there after January 1st, and were a non-resident before arriving and a resident at some point after arriving, then you can be dual status. By the way, if you did not meet SPT or get Green Card in a given ...

Your disagreement is not with me: From the Bulletin: <blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">As a rule, social security taxes will no longer be accepted as no...