Search found 18290 matches
- Fri Mar 23, 2007 11:17 am
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign tax credit and AMT
- Replies: 10
- Views: 6443
I'm not so sure of this. This may be analogous to a Cdn working in Toronto and Montreal, for the same firm. Their T4 would indicate all wages, and there RL-1 would indicate Quebec-source wages only. Withholding would have been adjusted. He would not geta T4 with a reduced wage ammount. The worker wo...
- Fri Mar 23, 2007 9:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: TurboTax: Maximum deductions
- Replies: 15
- Views: 9842
- Fri Mar 23, 2007 9:32 am
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign tax credit and AMT
- Replies: 10
- Views: 6443
- Fri Mar 23, 2007 9:05 am
- Forum: Canada / United States Tax & Accounting
- Topic: TurboTax: Maximum deductions
- Replies: 15
- Views: 9842
I would NOT rely on your pencil 1116. They are so many limitations on 1116, that it is impossible to account for them all. Any differences you are getting are probably due to (a) how you entered the information from the beginning, and (b) how each package treats the definition of GROSS income (that ...
- Fri Mar 23, 2007 8:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign tax credit and AMT
- Replies: 10
- Views: 6443
- Fri Mar 23, 2007 8:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: Foreign tax credit and AMT
- Replies: 10
- Views: 6443
- Thu Mar 22, 2007 9:33 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TurboTax: Maximum deductions
- Replies: 15
- Views: 9842
- Thu Mar 22, 2007 9:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: TurboTax: Maximum deductions
- Replies: 15
- Views: 9842
- Thu Mar 22, 2007 4:49 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Citizen, US PR to work in Canada temporarily
- Replies: 16
- Views: 8927
- Thu Mar 22, 2007 4:29 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Citizen, US PR to work in Canada temporarily
- Replies: 16
- Views: 8927
OHIP is a secondary tie, but DAYS are what will be most important. Once you hit 183 days, you will be resident for the year. If that is the case, then it is sometimes better to declare yourself a RETURNED resident. with an arrival date, rather than subject yourself to entire year of taxation. If you...
- Thu Mar 22, 2007 3:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Questions re 1116 and Cdn.Bank Accounts/credit cards
- Replies: 5
- Views: 3590
- Thu Mar 22, 2007 3:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Citizen, US PR to work in Canada temporarily
- Replies: 16
- Views: 8927
Note, that this would be six months in a calendar year, so a well-timed move, say, in late june and a return to US in early July of the following year, with time spent in US could get you off the hook. As I said, the school is only intersted in you having insurance, it does not have to be OHIP. if y...
- Thu Mar 22, 2007 3:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Citizen, US PR to work in Canada temporarily
- Replies: 16
- Views: 8927
- Thu Mar 22, 2007 3:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian Citizen, US PR to work in Canada temporarily
- Replies: 16
- Views: 8927
By bringing your family with you, and working in Canada, you will be becoming a Cdn resident for tax purposes, unless it is for less than six months. If you are going to be in Canada for less than six months, it would seem futile to try to get OHIP, since (a) you have perfectly valid private insuarn...
- Thu Mar 22, 2007 3:24 pm
- Forum: Canada / United States Tax & Accounting
- Topic: LIRA from pension --question re reporting on 8891 & TD f
- Replies: 1
- Views: 1905
Your LIRA is an RRSP for the purposes of 8891. In any event, you are better off treating it as an RRSP in IRS eyes, as RRSPs have favourable tax treatment over foreign pensions. The ability to collapse the LIRA has nothing to do with its size, but has everything to with the jurisdiction under which ...