Search found 137 matches
- Fri Mar 03, 2006 6:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Disability Income
- Replies: 4
- Views: 2473
- Fri Mar 03, 2006 6:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: best way to convert Canadian$ to US$
- Replies: 19
- Views: 17379
- Thu Mar 02, 2006 9:44 am
- Forum: Canada / United States Tax & Accounting
- Topic: best way to convert Canadian$ to US$
- Replies: 19
- Views: 17379
- Mon Feb 27, 2006 1:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: form 1116, foreign tax credit and rental income tax
- Replies: 24
- Views: 24176
Re: form 1116, foreign tax credit and rental income tax
You can claim the tax from a Sec 216 return for 2005, on your 2005 U.S. return.shsamardar wrote: for 2005, due for paying section 216 tax in canada is April 30th 2006. now that I am actually paying the tax in 2006, can I get credit fot it in 2005 in USA or I need to report it next year?
- Sun Feb 26, 2006 3:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: I got two TN in 2005 , Question about my resident status ?
- Replies: 0
- Views: 3583
Assuming you entered the U.S. in 2004 and renewed your TN in 2005, you file in the U.S. as a resident. For Canada, you must separately determine when and if you actually departed from Canada for tax purposes. You could look at the following link to determine how you fit in... http://www.serbinski.co...
- Sun Feb 26, 2006 3:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: is possible to file 1040NR if you don't have greencard
- Replies: 1
- Views: 2191
Re: is possible to file 1040NR if you don't have greencard
Because you were in the U.S. for the entire year, you must file a regular 1040 and California resident return and declare world income.shsamardar wrote:whole year 2005 we were in california. for 2004 taxing (preveious year taxation) we filed residency for USA because we passed 180 days test.
- Sun Feb 26, 2006 3:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: property tax paid in canada
- Replies: 3
- Views: 3669
You can list all expenses on your schedule E which are related to earning the rental income. This includes realty taxes, assn. dues, interest, insurance, maintenance or strata fees, and even a trip to view the property. You must also complete a sec 216 return in Canada, claiming the same income and ...
- Sat Feb 25, 2006 11:49 am
- Forum: Canada / United States Tax & Accounting
- Topic: departure date related questions
- Replies: 5
- Views: 4651
Note: Your departure date is the date that your wife finally left Canada, even if it is just two weeks after you did. In the event that you worked in the U.S. during the period that your wife was still a Canadian resident, then you will have to include that income on your Canadian return, subject to...
- Thu Feb 23, 2006 7:30 am
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP Collapse - Non-Resident 25% Flat Tax
- Replies: 3
- Views: 4361
As a non resident of Canada, the 25% withholding tax is your only obligation to Canada respecting the withdrawal of your RRSP funds. You may be entitled to file a Sec 217 return to recover all or part of this tax, however, if your world income is low. CRA uses world income to calculate the tax which...
- Sun Feb 19, 2006 4:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Can TN open a company in US
- Replies: 8
- Views: 5740
- Sun Feb 19, 2006 4:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: When did She become a resident?
- Replies: 9
- Views: 7488
Your wife became a U.S. resident when she obtained her green card. However, you may find it beneficial to elect to have her treated as a U.S. resident for the entire year, and include her world income for the year, subject to exemptions and credits. This would allow you to file a joint return with h...
- Tue Feb 14, 2006 10:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: dual status and family tie
- Replies: 3
- Views: 3323
It may not be so simple... In the year you move into the U.S. you have a choice of filing either as: a) a dual status taxpayer (including only income from the date of entry to the U.S.) - but you cannot claim a standard deduction or file jointly. b) elect to be treated as a full year U.S. resident.....
- Tue Feb 14, 2006 10:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: Dependent living in Canada for US tax purpose
- Replies: 7
- Views: 5662
- Mon Feb 06, 2006 8:41 am
- Forum: Canada / United States Tax & Accounting
- Topic: W2 - to CRA
- Replies: 14
- Views: 10825
- Sat Feb 04, 2006 4:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: tax difference between OPT and TN
- Replies: 6
- Views: 6132
Although you may be considered a non resident of Canada, certain types of income are deemed to be earned in Canada to students, and are therefore taxable in Canada. This includes any funding you receive from Canadian sources for your studies. Money you earn in the U.S. while studying there is not in...