Search found 69 matches

by Norbert Schlenker
Wed Apr 20, 2005 2:45 pm
Forum: Canada / United States Tax & Accounting
Topic: When to recognize restricted shares
Replies: 6
Views: 7605

You got cash for some and shares for the rest. There is a reportable capital gain for the cash portion. The rest is a rollover under section 85.1 and you can read CRA's interpretation of the rules in IT450 at http://www.cra-arc.gc.ca/E/pub/tp/it450r/it450r-e.html.
by Norbert Schlenker
Fri Apr 15, 2005 4:04 pm
Forum: Canada / United States Tax & Accounting
Topic: When to recognize restricted shares
Replies: 6
Views: 7605

There are no tax consequences as long as you hold the shares. The removal of the trading restriction is irrelevant.
by Norbert Schlenker
Thu Mar 10, 2005 12:58 pm
Forum: Canada / United States Tax & Accounting
Topic: UK to Toronto retaining UK home as investment
Replies: 3
Views: 5953

You should also contact a competent cross-border tax lawyer. Immigrants to Canada have the option of setting up a foreign trust to hold their assets and could be eligible for a 5 year long Canadian tax holiday on any income or gains on the trust's assets. It may not be worthwhile in your case, depen...
by Norbert Schlenker
Fri Mar 04, 2005 7:03 pm
Forum: Canada / United States Tax & Accounting
Topic: pre-immigration planning
Replies: 7
Views: 4583

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by slmasker</i>I wonder if anyone knows how to recapture those withheld taxes I mentioned in my f...
by Norbert Schlenker
Fri Mar 04, 2005 6:42 pm
Forum: Canada / United States Tax & Accounting
Topic: keeping 401k and IRA after moving to canada
Replies: 53
Views: 43842

FWIW I keep an IRA at TDWHUSA. They have a Canadian address on file, they send me statements in Canada, and there has been no problem for 4+ years.
by Norbert Schlenker
Wed Nov 24, 2004 2:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Offshore Immigrant Trust
Replies: 3
Views: 6799

If you are a candidate for this - it's not worth doing unless it's major $ - you need professional advice. You can't leave any i undotted or t uncrossed.

Contact a good cross-border tax lawyer.
by Norbert Schlenker
Tue Nov 23, 2004 12:30 pm
Forum: Canada / United States Tax & Accounting
Topic: Kids' Assets and Attribution Rules
Replies: 3
Views: 6406

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by nelsona</i> Even if the money came directly from you, before you lived in Canada, the income g...
by Norbert Schlenker
Mon Nov 22, 2004 4:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving Back to Canada and Stock Options
Replies: 6
Views: 9675

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by paula</i> Here's some more information on my situation that may help things. I live in Califor...
by Norbert Schlenker
Sun Nov 21, 2004 1:36 pm
Forum: Canada / United States Tax & Accounting
Topic: Moving Back to Canada and Stock Options
Replies: 6
Views: 9675

<blockquote id="quote"><font size="1" face="Verdana, Arial, Helvetica" id="quote">quote:<hr height="1" noshade id="quote"><i>Originally posted by Mark T. Serbinski, CA CPA</i> Hi Paula: Well, your qualifying ISO's held over one year are tax...