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Search found 137 matches
- Wed Jan 31, 2007 2:57 pm
- Forum: Business & Personal Immigration to Canada
- Topic: WARNING: Please avoid inappropriate postings
- Replies: 1
- Views: 43931
- Sat Jan 06, 2007 10:57 am
- Forum: Canada / United States Tax & Accounting
- Topic: Signature Authority for Foreign Bank Account
- Replies: 3
- Views: 3357
- Sat Jan 06, 2007 10:55 am
- Forum: Canada / United States Tax & Accounting
- Topic: Stock purchase in Canada, sold after move to US
- Replies: 4
- Views: 4396
Let's look at the other side of this. If a Canadian citizen lives in the U.S. and buys stock which appreciates, there is no deemed disposition on departure from the U.S. and the deemed acquisition cost base is the fair market value upon entry to Canada. Therefore if the stock was sold at the appreci...
- Thu Dec 21, 2006 11:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Withholding - self employed nonresident alienworking in U.S.
- Replies: 1
- Views: 2114
A lower amount may be withheld depending upon the country of residence and the specific income being paid. Payments made to non resident aliens for services rendered OUTSIDE of the U.S., are generally not subject to withholding. Forms 1042S et al are used to report the type of income, and the withho...
- Thu Dec 21, 2006 11:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: A Question of Moderation
- Replies: 9
- Views: 6086
Spam
We have taken every effort to remove all spam from this forum. Our efforts include a new registration process which required a copy of an image file (which spambots have trouble using), restriction of access from IP addresses which have generated spam, etc. If you see spam on any of our forums, plea...
- Fri Dec 15, 2006 7:56 pm
- Forum: Business & Personal Immigration to the United States
- Topic: US Immigration 101
- Replies: 3
- Views: 6532
- Wed Dec 13, 2006 6:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: TAX WITHHOLDING ON W-2
- Replies: 3
- Views: 3583
You will be subject to federal and possibly state income tax withholding based on your W4 submitted. The W4 outlines the number of exemptions you have (similar to a Canadian TD 1) and controls the withholding rate. Your rate will also be based on the income you are earning, with more tax % withheld ...
- Wed Dec 13, 2006 6:37 am
- Forum: Canada / United States Tax & Accounting
- Topic: Stock Losses in US carried over to Canada
- Replies: 12
- Views: 7705
Here is an interesting point to note for (non U.S. citizen) Canadians temporarily in the U.S.: Let's say you buy stocks in the U.S. while you are a non resident of Canada, and over time, the stocks appreciate in value. When you move back to Canada you are deemed under Canadian law to have acquired t...
- Thu Dec 07, 2006 9:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: US RESIDENT RECEIVING CANADIAN AIRLINE PENSION
- Replies: 3
- Views: 3500
... and it will be taxable in the U.S. to the same extent it would have been taxable to you if you were a resident of Canada. That means that if a portion of your pension would have been tax exempt in Canada, that same portion is deemed to be tax exempt in the U.S., regardless of where you worked (s...
- Tue Nov 21, 2006 7:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Immigration Forum Resurrected
- Replies: 1
- Views: 2357
- Wed Nov 15, 2006 10:55 am
- Forum: Business & Personal Immigration to the United States
- Topic: Welcome to our New U.S. Immigration Forum
- Replies: 1
- Views: 28033
Welcome to our New U.S. Immigration Forum
We are pleased to announce that we will be opening a new forum dealing with business and personal immigration to the United States, to be hosted by James D. Eiss, immigration attorney in Buffalo, NY. ( http://www.usvisahelp.com ) We welcome Jim to our forums, and we believe that his participation wi...
- Wed Aug 23, 2006 6:38 am
- Forum: Canada / United States Tax & Accounting
- Topic: A question about MFJ - how to deal with CDN tax
- Replies: 3
- Views: 3049
Your total foreign tax is the tax as calculated on each of your Canadian returns. For foreign tax credit purposes, you pick up: Line 435 (total tax payable) Line 308 (CPP) if any Line 312 (EI) if any But... if you are working in the U.S. and living in Canada, a foreign tax credt in the U.S. will onl...
- Sat Jul 01, 2006 7:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 1099 Controversy, IRS 20 point checklist, and Form SS-8
- Replies: 2
- Views: 3426
IRS has always wanted to classify independent workers as employees, and has assessed companies for failure to withhold and remit taxes and social security in many cases. If you take this route, then really the onus for the payment of social security and tax withholding or estimated payments will res...
- Mon Jun 26, 2006 10:21 am
- Forum: Canada / United States Tax & Accounting
- Topic: CND on TN, reporting foreign income on 1040
- Replies: 2
- Views: 3163
- Thu Jun 15, 2006 12:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Best corporate structure - performing U.S. personal services
- Replies: 2
- Views: 2893
I agree... but many companies in the U.S. are reluctant to pay an individual, for fear of having you classified as an employee. Since this would subject them to possible penalties, most require that you use a coproration. The choice of corporation would depend upon your residential status in Canada....