Serbinski Accounting Firms

It's a standard disclaimer in Canada. Since average cost is the rule north of the border, a broker cannot know for certain the tax cost of positions even if they were purchased at their shop. If you use a DRIP for some shares, the broker's view is almost certainly wrong (probably too low; your capit...

You just aren't getting the connection, Nelson. He's planning to transport that taxable dog you bought across the US-Canada border. [:D]

You can always tell the Canadian broker to get stuffed. Your cost is your business, not his. For US tax purposes, your basis depends on what the trust did when it distributed the securities. The trust has an option that allows it to pass property to you at its cost (i.e. no capital gains for the tru...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">What would happen to our $100,000 deposit in the US bank earned from the sale of our home property?<hr height="1&...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">Questions: 1. Since we don't intend to return to the US for many years and have no other interest here, do we cancel o...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">If you sell your US home after buying home in Canada, you will be resposible for Cdn tax on the difference beteen the ...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by webcite_99</i> Are there any other ways to avoid taxes on estates (I'm including any vehicle w...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by webcite_99</i> Scenario: A US citizen is the beneficiary of a life insurance policy that was s...

I am happy to be instructed otherwise but my reading of the treaty's Article XXI would indicate that interest and dividends collected on US securities by an RRSP are exempt from US tax. An RRSP is a trust that is resident in Canada (Article IV para 1(b)). The residence of the beneficiary is irreleva...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote">Is the re-entry permit a special form? Is it something that customs gives you to complete when crossing the border int...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by webcite_99</i> My mother-in-law is and at all times been a Canadian citizen and Resident. 10 y...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by worryfreeinvestor</i> Does anybody know what I should do with my HSA if I move back to Canada?...

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by worryfreeinvestor</i> Norbert, are you able to give orders from Canada to TD Waterhouse USA to...

That's a bit harsh, eh, Nelson? It's a cross-border forum but, if you can provide a quick answer, why tell the poor fellow to pound sand? skotti, you can only deduct an RRSP contribution if you have RRSP room (i.e. a deduction limit, as shown on your previous year's Notice of Assessment). If you tel...

By email, the thread's originator has pointed out that there are conditions that must be satisfied by the purchaser in order for the rollover provisions to apply. In particular, IT450R says, "In order for the conditions in subsection 85.1(1) to be satisfied, the purchaser must be a Canadian cor...