Search found 18293 matches
- Thu Apr 12, 2007 9:55 am
- Forum: Canada / United States Tax & Accounting
- Topic: Question about deferring RRSP income for permanent resident
- Replies: 7
- Views: 5100
- Thu Apr 12, 2007 12:00 am
- Forum: Canada / United States Tax & Accounting
- Topic: NON REPORTING OF 401K Withdrawls
- Replies: 8
- Views: 6653
- Wed Apr 11, 2007 11:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian PR commuting to work in MI from ON on H1B
- Replies: 1
- Views: 2094
- Wed Apr 11, 2007 11:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Is ufile.ca good enough to handle emigrant from Quebec?
- Replies: 4
- Views: 5325
As I said before, the stock option is part of your Cdn wages, so must be included with your wages on your Cdn return. The tax withheld on that is NOT NR tax (QC is not allowed to collect NR tax). It is tax payment to be included on your Fed and QC return. Only the tax owed when you calculate your re...
- Wed Apr 11, 2007 1:00 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Wrong/missing details in 1040NR filing,T1 filing joint anw?
- Replies: 3
- Views: 2470
- Wed Apr 11, 2007 11:56 am
- Forum: Canada / United States Tax & Accounting
- Topic: Question about deferring RRSP income for permanent resident
- Replies: 7
- Views: 5100
- Wed Apr 11, 2007 11:54 am
- Forum: Canada / United States Tax & Accounting
- Topic: Legality of My Situation (US Citizen Working in Canada)
- Replies: 3
- Views: 2618
Its not a matter of legalities, its a matter of simplifying your life. You will have to pay Cdn tax and payroll tax. If you don't get your firm to pay it, the government will. Or will ask you to pay employers share. And you shouldn't be paying FICA either. Also, even payroll tax aside, you face the ...
- Wed Apr 11, 2007 9:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: Determine residency status by income, how to?
- Replies: 5
- Views: 3449
- Wed Apr 11, 2007 9:14 am
- Forum: Canada / United States Tax & Accounting
- Topic: Question about deferring RRSP income for permanent resident
- Replies: 7
- Views: 5100
- Wed Apr 11, 2007 9:12 am
- Forum: Canada / United States Tax & Accounting
- Topic: Legality of My Situation (US Citizen Working in Canada)
- Replies: 3
- Views: 2618
Your income is Cdn-sourced, you will have to pay Cdn tax on the income FIRST. There should be no US tax, as you will be able to claim foreign wage exclusion. But the company has to set payroll for you, or make you a contractor. 1000's of cdns work this way. Your wages are subject to Cdn payroll taxe...
- Tue Apr 10, 2007 11:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: basis of property for capital gain if change in use
- Replies: 11
- Views: 6460
- Tue Apr 10, 2007 10:10 pm
- Forum: Canada / United States Tax & Accounting
- Topic: basis of property for capital gain if change in use
- Replies: 11
- Views: 6460
Obviously, if you have started depreciation with one term, it doesn't much matter at this point. IRS will get its share. It really doesn't matter, Sticlk with what you started with. You will only report cap gains when you sell. Come back then. Meanwhile focus on finishing your return, and getting a ...
- Tue Apr 10, 2007 10:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Determine residency status by income, how to?
- Replies: 5
- Views: 3449
Deemed resident applies primarily to Government workers. Ignore this. neither you nor your spouse are Deemed Residents. Your wife is a resident. pure and simple. You are *probaly* still resident in canada, since your wife is, and seems to have no intention of joining you in US. The only thing that m...
- Tue Apr 10, 2007 7:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Is ufile.ca good enough to handle emigrant from Quebec?
- Replies: 4
- Views: 5325
NR tax, and the income for whichthat tax was withheld is NOT to be reported on your departure tax return. If the NR form contains income that occured both e and after depature, then enter only that pre-departure income -- but none of the tax withheld. I'm sure you can figure out where on your return...
- Tue Apr 10, 2007 4:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 1040 effective tax rate
- Replies: 16
- Views: 11983
Your 1040NR only has US source income. the 10% refers to other US income other than wages (like US bank interest or dividends). on interest, the CRA expect the interst be reported proportionally to what that person contributed to the account. So if you made the contribution, you should be paying the...