Search found 75 matches
- Fri Nov 23, 2012 11:35 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Best way to pay my canadian taxes from US bank account?
- Replies: 4
- Views: 3633
- Sat Jun 30, 2012 11:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Disposing of Cdn Rental Property
- Replies: 3
- Views: 2515
- Tue Apr 03, 2012 9:46 pm
- Forum: Business & Personal Immigration to Canada
- Topic: Using I94 attached to H1B renewal notice in advance
- Replies: 3
- Views: 11754
- Mon Apr 02, 2012 10:15 pm
- Forum: Business & Personal Immigration to Canada
- Topic: Using I94 attached to H1B renewal notice in advance
- Replies: 3
- Views: 11754
Using I94 attached to H1B renewal notice in advance
My current H1B expires in 3 months from now. My renewal H1B is approved and I got new I94 attached to H1B renewal notice. My kids are in Canada school and have H4 visa. Their I94 expiry date is based on my current I94. I am planning to visit Canada after their school year next month . My question is...
- Sun Jan 08, 2012 8:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: NR6 filing 216 first time for 2011
- Replies: 1
- Views: 1608
NR6 filing 216 first time for 2011
2011 was our first year when we applied for NR6 due to available Canadian agent- own our relative. We paid 25 % on net rental proceeds. Prior years, we were paying 25 % of gross rent tax and filed two returns- One for me and one for my spouse due to separate account numbers CRA allotted then With NR...
- Sun Nov 06, 2011 10:52 am
- Forum: Canada / United States Tax & Accounting
- Topic: Taxes on 401K invested in foreign country after retirement
- Replies: 1
- Views: 1627
Taxes on 401K invested in foreign country after retirement
Before immigrating to Canada and then to US, I came from outside North America where I plan to spend winter months after retirement . The home country has higher rate of inflation so are the interest rates on bank deposits. If I decide to move my money out of 401K after retirement into foreign curre...
- Sat Aug 06, 2011 9:38 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Threshold for 1040X filing due to revised income
- Replies: 1
- Views: 1959
Threshold for 1040X filing due to revised income
My Canada return assessment is now completed. My Canada tax liability has gone up as well my C$ interest income is also gone up. These numbers are now different from what I had filed in as Canadian income in 1040 MFJ. The net tax payable now for 1040 is about $ 55. Not sure whether I need to file 10...
- Mon Jun 20, 2011 10:47 pm
- Forum: Business & Personal Immigration to the United States
- Topic: H1B filing for I-485- Two questions
- Replies: 2
- Views: 8115
H1B filing for I-485- Two questions
Hello, My H1B priority date is likely to be current shortly. This can cause me concerns in two area. Seeking advise on both these. 1) Spouse on TN- Although spouse I-94 validity is over 2 years, I heard that, leaving country can be an issue. Is getting EAD with I-485 is a possible solution ? Spouse ...
- Sun Jun 05, 2011 11:56 am
- Forum: Canada / United States Tax & Accounting
- Topic: FATCA- Will it hurt to be US citizen and retire in Canada?
- Replies: 0
- Views: 2097
FATCA- Will it hurt to be US citizen and retire in Canada?
Just came across a link below on implications of proprosed "Foreign Account Tax Compliance Act- FATCA" coming into effect from Jan 2013. http://www.capdale.com/files/4178_FATCA%20Article.pdf Currently FBAR does not interfere with daily life if you are US person and residing abroad since th...
- Tue May 03, 2011 8:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: From US back to Canada on international assignment
- Replies: 3
- Views: 2637
Nelsona, Thanks. It may be difficult to paying US home mortgage without renting for long period so I need to prepare for future deemed disposition when I return from Canada back to US. What is deemed disposition formula and how does it work? When I leave Canada, I am expected to pay 50 % of capital ...
- Mon May 02, 2011 9:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: From US back to Canada on international assignment
- Replies: 3
- Views: 2637
From US back to Canada on international assignment
I left Canada 3 years back on TN and bought a house in US about two years back. I am in US on work visa. I am offered international assignment to Canada for a period of min 2 and max 3 years. My questions are- How is US tax determination done in second and third year following my start working in Ca...
- Mon Feb 07, 2011 12:18 am
- Forum: Canada / United States Tax & Accounting
- Topic: Responsibilities of Canadian agent for NR6- Net rental tax
- Replies: 2
- Views: 2997
Responsibilities of Canadian agent for NR6- Net rental tax
I have applied for NR6 through one my relatives who lives in Canada as my Canadian agent. I sent him link to T4061 since he is doing first time. Hence just be sure, below is agent responsibilities as his check list. Monthly responsibility- 1) Calculate net rental income i.e. rent received minus expe...
- Wed Feb 02, 2011 10:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 2011 NR6 processing time
- Replies: 2
- Views: 2645
- Wed Feb 02, 2011 9:11 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 2011 NR6 processing time
- Replies: 2
- Views: 2645
2011 NR6 processing time
I had submitted NR6 for 2011 in Sept 2010 and am still awaiting communication from CRA. Phone calls could not give me status and mail requests are also awaiting response. With Feb 15 approaching for Jan rent XIII tax and canadian dollar stronger, it is becoming more important. please share your expe...
- Thu Jan 13, 2011 11:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: A question about NR6 / T1161
- Replies: 6
- Views: 4412
In addition to Nelsona comments, I will share my experience. 1) Non resident account was set up by calling CRA international tax office by phone. Need to have lot of patience to call them repeatedly to get through the line even to get in the queue. 2) Once NR account is created, a max 45 days is all...