Search found 18296 matches
- Fri Apr 05, 2024 2:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canada to US TN Visa Holder, but visited US prior in same year
- Replies: 8
- Views: 283
Re: Canada to US TN Visa Holder, but visited US prior in same year
Cdns can essentially ignore Pub 519 when moving to US, as you have the option by treaty to file EITHER as a full year resident, a dual-status resident, or a non-resident by using the treaty definition of resident or non-resident, instead of SPT. Since you have been resident since February/March, you...
- Fri Apr 05, 2024 8:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming a Foreign Tax Credit on Form 1116 for third-country income
- Replies: 6
- Views: 244
Re: Claiming a Foreign Tax Credit on Form 1116 for third-country income
you would not include the czeck income under Canada. Your relief for any Cdn tax would be on your CDn return.
- Fri Apr 05, 2024 8:46 am
- Forum: Canada / United States Tax & Accounting
- Topic: Claiming a Foreign Tax Credit on Form 1116 for third-country income
- Replies: 6
- Views: 244
Re: Claiming a Foreign Tax Credit on Form 1116 for third-country income
Did you notice that form 1116 has three columns, for three different countries?
You would report the Czech income separate from the Cdn income. You would need to check the czech-US treaty to see what relief you are entitled to on form 1116.
You would report the Czech income separate from the Cdn income. You would need to check the czech-US treaty to see what relief you are entitled to on form 1116.
- Fri Apr 05, 2024 8:43 am
- Forum: Canada / United States Tax & Accounting
- Topic: 1099-INT and 1099-B questions on 1040-NR
- Replies: 5
- Views: 236
Re: 1099-INT and 1099-B questions on 1040-NR
You don;t report SS on a 1040NR, because you are Cdn resident. But the SSA form you got is all you will get.
- Wed Apr 03, 2024 5:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 30% withholding
- Replies: 13
- Views: 92431
Re: 30% withholding
That would be a call to Vanguard. Nothing has changed, but you will be withheld 30% unless your withdrawal is "periodic", which each broker has its own definition for.
- Wed Apr 03, 2024 9:41 am
- Forum: Canada / United States Tax & Accounting
- Topic: CPP Disability Child Benefit as Non-Resident of Canada
- Replies: 5
- Views: 1219
Re: CPP Disability Child Benefit as Non-Resident of Canada
Sounds right.
Btw, if your RSU payment was less than $10K US you can exclude it on your Cdn return, by treaty.
Btw, if your RSU payment was less than $10K US you can exclude it on your Cdn return, by treaty.
- Wed Apr 03, 2024 9:33 am
- Forum: Canada / United States Tax & Accounting
- Topic: 1099-INT and 1099-B questions on 1040-NR
- Replies: 5
- Views: 236
Re: 1099-INT and 1099-B questions on 1040-NR
Not likely. They know the rules.
- Tue Apr 02, 2024 5:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Reporting capital gains in TFSA
- Replies: 1
- Views: 164
Re: Reporting capital gains in TFSA
The date acquired.
- Tue Apr 02, 2024 5:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Report, Or Not-Report, W2 wages?
- Replies: 2
- Views: 150
Re: Report, Or Not-Report, W2 wages?
There is a difference between non-taxable and not reportable. Your W-2 income is to be reported in US, and then exempted by the treaty article you mention.
You would report it on a 1040NR.
You would report it on a 1040NR.
- Tue Apr 02, 2024 9:11 am
- Forum: Canada / United States Tax & Accounting
- Topic: SRSP claim on US taxes
- Replies: 3
- Views: 184
Re: SRSP claim on US taxes
I assume you mean spousal RRSP.
You would report the entire amount (before tax) as pension income on 1040. The taxable portion would be the growth since you moved to US.
The 25% tax would be used on a form 1116 to write off against the US tax that you owe on the taxable portion.
You would report the entire amount (before tax) as pension income on 1040. The taxable portion would be the growth since you moved to US.
The 25% tax would be used on a form 1116 to write off against the US tax that you owe on the taxable portion.
- Tue Apr 02, 2024 9:08 am
- Forum: Canada / United States Tax & Accounting
- Topic: 1099-INT and 1099-B questions on 1040-NR
- Replies: 5
- Views: 236
Re: 1099-INT and 1099-B questions on 1040-NR
1. Correct
2. No need to report.
2. No need to report.
- Tue Apr 02, 2024 9:06 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form T2062 for disposition of Canadian Property
- Replies: 4
- Views: 274
Re: Form T2062 for disposition of Canadian Property
You need receipts for any claim to adjust cost basis to be approved.
- Sun Mar 31, 2024 8:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Form T2062 for disposition of Canadian Property
- Replies: 4
- Views: 274
Re: Form T2062 for disposition of Canadian Property
No. You MUST pay tax in Canada (and US) on the sale. You will get credit for the Cdn taxes on your US return.
- Sun Mar 31, 2024 8:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: SRSP claim on US taxes
- Replies: 3
- Views: 184
Re: SRSP claim on US taxes
not sure what an SRSP is. Clarify.
- Sun Mar 31, 2024 8:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: US taxes on Canadian RRSP Withdrawals
- Replies: 8
- Views: 425
Re: US taxes on Canadian RRSP Withdrawals
Leaving it until you stop working.