Search found 150 matches
- Mon Dec 10, 2007 8:08 am
- Forum: Business & Personal Immigration to the United States
- Topic: Moving back to Canada with US car loan
- Replies: 8
- Views: 11574
Be cautious. We had no problem with Chrysler, but Ford Credit Canada was initially adamant that we had to pay off our loan. Luckily, my move was a corporate relocation. When I got stuck, a call from the auto shipper's legal troubleshooter persuaded Ford Credit to be more helpful. I doubt I would hav...
- Wed Dec 05, 2007 9:18 pm
- Forum: Business & Personal Immigration to the United States
- Topic: Moving back to Canada with US car loan
- Replies: 8
- Views: 11574
I did the same thing in reverse (moved to US with Canadian car and Canadian car loan). In fact we had two vehicles both with manufacturer financing - one Ford, one Chrysler. Both loan agreements stated that you can't relocate the vehicle out of province - let alone out of the country - except by per...
- Wed Dec 05, 2007 9:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US Resident wanting to rebalance RRSP funds
- Replies: 9
- Views: 7025
Is Trading in Non-Self-Directed RRSPs now allowed in US?
I have a "regular" (not self-directed) RRSP with an MFDA (not IDA) member company. When I moved from Canada to Georgia in 2002, Georgia was one of the few remaining states not allowing residents to manage self-directed RRSPs in Canada. Therefore I had little choice but to let my RRSP sit. ...
- Mon May 29, 2006 10:51 am
- Forum: Canada / United States Tax & Accounting
- Topic: Help Reporting RESPs on 3520 and 3520A
- Replies: 6
- Views: 5939
Just to elaborate slightly on Nelson's advice, the Canadian grandparents can open an RESP for your child. Since they're actually funding the contributions, this is the obvious strategy. Once the grandparents have opened their RESP, you can simply transfer the existing RESP into the new one (because ...
- Mon May 29, 2006 10:38 am
- Forum: Canada / United States Tax & Accounting
- Topic: Replacement for Grasmick board?
- Replies: 4
- Views: 4420
- Wed Apr 12, 2006 10:29 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wife working in Canada/Husband working in U.S
- Replies: 7
- Views: 4855
- Wed Mar 15, 2006 4:56 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP
- Replies: 10
- Views: 7283
There is a special provision allowing severance to be rolled directly into an RRSP. See e.g. http://www.davis.ca/publications/2003-1 ... yments.pdf
- Thu Jan 26, 2006 10:49 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dependant questions for US taxes
- Replies: 2
- Views: 2639
- Thu Jan 12, 2006 7:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: What is the importance of ITIN number..?
- Replies: 3
- Views: 3825
Last I heard, the only way you could get an ITIN is to apply for in conjunction with your (spouse's) tax return filing. A few years ago, one applied for ITINs separately, but then the rules changed completely. Unless there has been another change (Mark? anyone?) then you'll simply have to apply for ...
- Tue Jan 03, 2006 7:26 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tax software for doing both Canadian and U.S returns
- Replies: 19
- Views: 14417
About TurboTax and QuickTax, a friend told me that they know about each other and work together quite well if you have to file in both countries. This is strictly hearsay on my part, but I think the friend was trustworthy. She's a US citizen, husband Canadian, when they moved from Canada to the US h...
- Tue Jan 03, 2006 4:12 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 529 vs. RESP
- Replies: 9
- Views: 15814
- Tue Jan 03, 2006 7:51 am
- Forum: Canada / United States Tax & Accounting
- Topic: 529 vs. RESP
- Replies: 9
- Views: 15814
- Sat Dec 31, 2005 5:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 529 vs. RESP
- Replies: 9
- Views: 15814
Certainly 529 plans can be used for studying at foreign (non-US) universities. The problem with both 529s and RESPs, for the family that moves between Canada and the US, is that neither country recognizes the other's plan as tax-sheltered. If the NY relatives are offering to fund the 529, then that ...
- Wed Dec 07, 2005 11:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Currency Exchange - better rates than the banks.
- Replies: 8
- Views: 5223
- Mon Nov 28, 2005 8:11 am
- Forum: Canada / United States Tax & Accounting
- Topic: RESPs
- Replies: 9
- Views: 6826
Like andied, I got rid of my RESP rather than take on IRS hassles after moving to the US. In addition to the 3520 issue, since there's no provision for education savings plans in the US-Canada tax treaty, RESP income has to be declared annually and taxes paid to the IRS. While both RESPs in Canada a...