Search found 18293 matches
- Mon Apr 09, 2007 7:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US/Canada Self Employed Cross Border Tax Situation
- Replies: 6
- Views: 4071
Since you are sef-employed and living in Canada, the income is taxable in Canada As a resident, you are not entitled to exclude anything on 256: you owe taxes in Canada on world income from the date you moved. See the Newcomers guide from CRA; this is your primary guide for 2006. By a quirk in the t...
- Mon Apr 09, 2007 7:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wrong/missing details in 1040NR filing,T1 filing joint anw?
- Replies: 3
- Views: 2470
- Mon Apr 09, 2007 7:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Hiatus for last-minute tax-filers
- Replies: 2
- Views: 2321
- Mon Apr 09, 2007 7:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Dual residence for married couple?
- Replies: 6
- Views: 3995
To clarify most -- if not all -- of what allen has said: Your husband should file a normal 1040, declaring ALL world income for 2006. He should also declare all your world income. The Cdn WAGES either of you made should be excluded by using form 2555, but it must be reported. This is a joint return....
- Mon Apr 09, 2007 6:52 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Where to enter Canadian income on Form 1040?
- Replies: 5
- Views: 4498
Your investment income idea (passive) not help in using up RRSP NR tax (gen limit) since it will not be coming from the same category of income (Keats is wrong on this one). And, only interest and dividends are considered foreign source in any event. You could consider rental income. The IRS is comp...
- Mon Apr 09, 2007 4:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Rev. Proc 2002-23, rsp dist. - Clarification and help
- Replies: 4
- Views: 3229
There is nothing in your 1040 for 2005 and 2005 to ammend. merely send in 8891s for those years attached to a 1040-X with no other changes. Indicate on those and any future 8891s that you fist made the election in 2004. PWC is obviously trying to 'pad' their account by sending in lots of paperwork. ...
- Mon Apr 09, 2007 4:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to apply 1116 for vested stock option
- Replies: 6
- Views: 3639
- Mon Apr 09, 2007 4:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: LIRA Witholding Rate?
- Replies: 16
- Views: 9633
- Mon Apr 09, 2007 3:20 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to apply 1116 for vested stock option
- Replies: 6
- Views: 3639
- Mon Apr 09, 2007 2:51 pm
- Forum: Canada / United States Tax & Accounting
- Topic: How to apply 1116 for vested stock option
- Replies: 6
- Views: 3639
Did you leave canada in 2006, or earlier than that? If you left in 2006, then the option is merely part of your income (wages) for 2006. You add it to your 2006 cdn return, it is for all purposes 'wages'. Then you do your FTC calculations on this basis. If however, you left canad before 2006, then t...
- Mon Apr 09, 2007 2:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Where to enter Canadian income on Form 1040?
- Replies: 5
- Views: 4498
- Mon Apr 09, 2007 2:23 pm
- Forum: Business & Personal Immigration to Canada
- Topic: US Citizen married to CAN wants to emigrate
- Replies: 6
- Views: 11039
- Mon Apr 09, 2007 2:10 pm
- Forum: Business & Personal Immigration to the United States
- Topic: Working for Canadian employer on dependant visa
- Replies: 6
- Views: 8883
One cannot do work while physically in US without US authorization. Some have argued that work for a foreign employer, if that employer does not benefit from the workers presence in the US, and if the Cdn employer has no dealings with the US, can be permitted. I usually find that most who do this ki...
- Mon Apr 09, 2007 2:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: OT - Will and Trust software
- Replies: 3
- Views: 3291
- Mon Apr 09, 2007 1:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: LIRA Witholding Rate?
- Replies: 16
- Views: 9633
there are two possible reasons: 1. Did you submit an NR5 to reduce withholding? Since the rest of your post seems to indicate that you won't be submit a section 217 tax return in canada next year, I'm going to assume this is not the case. 2. They made a mistake. They shouid have withheld 25%. It loo...