Search found 137 matches
- Sat Sep 01, 2007 10:45 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian citizen working in US tax question
- Replies: 1
- Views: 3061
- Sat Sep 01, 2007 10:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian working in US while Spouse/Kids live in Canada
- Replies: 12
- Views: 10170
- Tue Aug 21, 2007 8:21 am
- Forum: Canada / United States Tax & Accounting
- Topic: s-corp
- Replies: 1
- Views: 2772
- Wed Jul 11, 2007 4:53 am
- Forum: Canada / United States Tax & Accounting
- Topic: Scenario
- Replies: 2
- Views: 3223
California Job
You should note that whether you are a resident of Canada or not is not a question of choice, but of the facts in your circumstances. In any event, if you will be living and working in California, you will be subject to paying tax at U.S. federal and California rates regardless of whether you are st...
- Sun May 13, 2007 5:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: T3012 A - Tax Deduction Waiver on the Refund of Unused RRSP
- Replies: 2
- Views: 3779
If you made your 2006 contribution in 2007, then you must wait until you file your 2007 return next year to file for a refund of excess contributions. If you made your contribution in 2006, and have received your notice of assessment, you can now file the form. However, your tax free refund will be ...
- Sun May 13, 2007 5:29 am
- Forum: Canada / United States Tax & Accounting
- Topic: Bad handling of 401k
- Replies: 1
- Views: 2771
Aggregate contributions to your 401(k) plans in any year in excess of the allowed maximum will automatically trigger the inclusion of the excess amount in income for the year of the contribution. The fact that this happens, however, is a tax issue only, and should not in any way affect your new empl...
- Sun May 13, 2007 5:21 am
- Forum: Canada / United States Tax & Accounting
- Topic: Retirement savings for US citizen permanent resident in CA
- Replies: 5
- Views: 4862
Please keep in mind that although the capital gain on the sale of a principal residence is fully tax exempt in Canada, as a U.S. citizen you will be subject to U.S. rules on the sale of a Canadian home. This means that if you are married, a maximum of $US 500,000 of the gain would be exempt from tax...
- Sun May 13, 2007 5:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: Do we need to file US tax return for telecommute income.
- Replies: 2
- Views: 3302
If all of your services were provided while you were physically present in Canada, and if you have not travelled to the U.S. for the purpose of providing any services, then if you are not U.S. citizens or visa holders, you are not liable for tax in the U.S. If you do start travelling to the U.S. to ...
- Mon Feb 19, 2007 9:23 am
- Forum: Canada / United States Tax & Accounting
- Topic: deducting Canadian charity from us income
- Replies: 4
- Views: 3684
- Mon Feb 19, 2007 9:07 am
- Forum: Canada / United States Tax & Accounting
- Topic: Schedule A deduction for Canadian withholding tax?
- Replies: 4
- Views: 3958
Since your RRSP was never taxable either in the U.S. or Canada previously, the entire amount you withdraw will be subject to 25% withholding in Canada (assuming that you are a non resident of Canada), and it will also be taxable fully in the U.S. As a general rule, you will be better off claiming a ...
- Wed Feb 07, 2007 6:51 pm
- Forum: Business & Personal Immigration to the United States
- Topic: H1-B question about a new born!
- Replies: 4
- Views: 5483
In order to be claimed as dependents on your tax return, your wife and all of your children must have U.S. Individual Taxpayer Identification Numbers (ITIN's). These may be applied for through a certifying acceptance agent at the time your return is filed, or you may take completed forms W7 to an IR...
- Sun Feb 04, 2007 8:01 am
- Forum: Canada / United States Tax & Accounting
- Topic: US/Canada Returns
- Replies: 17
- Views: 12431
- Sun Feb 04, 2007 7:55 am
- Forum: Canada / United States Tax & Accounting
- Topic: US Brokerages
- Replies: 2
- Views: 2987
Current SEC rules permit you to continue an existing relationship with a broker but only in respect of your pension account. However, if you find yourself in the U.S. from time to time, you may visit the office of your broker to make trades. The broker must execute your trades based on orders provid...
- Sun Feb 04, 2007 7:53 am
- Forum: Canada / United States Tax & Accounting
- Topic: 8891 Never Filed
- Replies: 32
- Views: 23838
You should likely make sure that your RRSP disclosures and elections are good for the past six years. This means filing an election under Rev Proc 2002-23 or Rev. Proc 89-45 for years prior to 2003, and form 8891 for 2003 onward. The revised elections or form 8891 should be sent to your regular IRS ...
- Sun Feb 04, 2007 7:51 am
- Forum: Canada / United States Tax & Accounting
- Topic: Rental Property Depreciation
- Replies: 16
- Views: 10810