Serbinski Accounting Firms

Hey Nelsona Yes, the IRA exists already. I do plan to do small IRA to Roth IRA in order to get some money moved over at the lower USA tax rate prior to returning to canada in XX years. to clarify, any canadian taxes i pay on my US income is not deductible as a foreign tax paid on my 1040? i can only...

Working in USA on TN visa and will cease to be a canadian resident on august 1st of 2020. will owe canadian taxes on the portion of my salary made prior to august 1, 2020, correct? If that's the case, as i will become a resident in a state with no state tax, is it a good idea to do a IRA to Roth IRA...

Many thanks for the quick reply.

Likely this has been answsered in the past, but searching this forum is not easy. Working and living in USA on TN and not a resident of Canada. Is interest paid by a bank to me in Canada, considered non taxable (no witholding tax) in Canada? This is income i would add to my USA tax return, correct? ...

To clarify, by meeting substantial presence test in the USA i can use that as a basis to declare non residency in Canada, even with a house and spouse in Canada? Or do my future intentions still need to be going in the direction of eventually selling the house and relocating my spouse?

I hope everybody is safe and healthy. I am currently working in the US on a TN visa. Wife and adult children are living in Canada. Currently own a principle residence in Canada but looking to sell it and have my wife move to the US with me (TD visa). I am looking to declare non-residency as soon as ...

I've used Knightsbridge in the past. The rate is not bad but requires a canadian bank account in usd. The best option is Norbert's Gambit. Go to the Canadian Portfolio Manager website (for great Canadian Couch Potato investment details too) and they spell it all out. A bit of work but certainly the ...

Thanks for the follow-up. Much appreciated

So if i read that right, any income placed into a HSA will not show up on my W2?

Hey Nelson, i have a follow up question. I am working in the United States but am still a tax resident of Canada. If I contribute to an HSA, is that money tax deductible in Canada for the year in which it is earned? If so, do i claim it as a medical expense?
Thanks

i would believe yes as a driver's license denotes resident of that province. on the license, you need to have an address of residence within ontario. i would go to the effort to get a local driver's license.

Let's try this again. Nelsona, you state to fill out a non resident tax return for US taxes in order to get some of the witholding refunded. My question is, on this return , are you required to put canada sourced income? I am a canadian citizen living in Canada with an IRA and RRSP. What is the best...

Hello Nelsona, Just a question regarding