Yikes. They want ALL of that?
They surely already have the Canadians forms.
They also have the exchange rate used, it's on the Canadian return.
Did your client E-file?
Search found 109 matches
- Wed Jun 29, 2016 4:57 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CCRA being difficult about FTC for cross border commuters
- Replies: 24
- Views: 11940
- Wed Jun 29, 2016 12:26 am
- Forum: Canada / United States Tax & Accounting
- Topic: CCRA being difficult about FTC for cross border commuters
- Replies: 24
- Views: 11940
- Tue Jun 28, 2016 6:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CCRA being difficult about FTC for cross border commuters
- Replies: 24
- Views: 11940
Got a message in CRA My Account. Called CRA as I now 'owe' a huge amount as my US FTC denied. Told that FTC denied, will need further documentation, await letter and Notice of Assessment. Web search found that policy has changed. Contacted my accountant who confirmed he had same information. I truly...
- Tue Jun 28, 2016 4:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: CCRA being difficult about FTC for cross border commuters
- Replies: 24
- Views: 11940
CCRA being difficult about FTC for cross border commuters
It seems CCRA is no longer accepting US and state returns and W-2 to document FTC claims. They want a "Notice of Assessment' which of course IRS doesn't provide. You have to request transcript from IRS and from state of employment. Since these aren't available until your US and state returns ar...
- Wed Jul 22, 2015 4:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Drawing Social Security after retirement
- Replies: 21
- Views: 12656
- Wed Jul 22, 2015 4:03 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Is the Cdn Child Tax Credit taxable income in the US?
- Replies: 4
- Views: 2969
CTC Taxible
The lower-income spouse claims it, as far as CCRA is concerned.
I'd assume that in the case where said spouse is not a USC, the other parent who *is* a USC reports nothing?
I'd assume that in the case where said spouse is not a USC, the other parent who *is* a USC reports nothing?
- Tue Jul 14, 2015 2:48 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Drawing Social Security after retirement
- Replies: 21
- Views: 12656
WEP, only applied when actually collectiing CPP?
I see your point. When I look at CPP options, I see that one can continue working while drawing CPP - so long as one continues to pay into it. For a cross border commuter, working in US and paying SS, paying into CPP isn't an option...so I'm wondering if I could keep working in US, but start drawing...
- Tue Jul 14, 2015 12:15 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Drawing Social Security after retirement
- Replies: 21
- Views: 12656
WEP, only applied when actually collectiing CPP?
The spousal benefit for a foreign spouse who has never worked in US seems 'generous' to me. It's only applicable to a set of countries ( Canada is one ), otherwise you and your spouse have to have lived together for 5 years in the US. If your spouse is USC, then she qualifies automatically, unless y...
- Mon Jul 13, 2015 10:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Drawing Social Security after retirement
- Replies: 21
- Views: 12656
WEP, only applied when actually collectiing CPP?
CdnAmerican, I'm with you on that. I will retire in Canada. SS is larger than CPP anyway, so if what Nelson says is correct, then it might make sense to take SS early with no WEP penalty since the reduction for taking it early might more or less equal the WEP penalty. I think SS at 62 is about 70%. ...
- Mon Jul 13, 2015 6:28 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Drawing Social Security after retirement
- Replies: 21
- Views: 12656
- Mon Jul 13, 2015 6:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Drawing Social Security after retirement
- Replies: 21
- Views: 12656
WEP, only applied when actually collectiing CPP?
I'm in the same boat, with 18 years employment in Canada, and 16 and counting in US. Is it correct that WEP only applies when actually collecting CPP, not merely having paid into it? In that case, it might make sense to take reduced SS at 62, which is about 70%, and delay CPP, which can be done till...
- Wed Mar 04, 2015 7:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: New CCRA Income Splitting rules, for commuter with CDN wife
- Replies: 5
- Views: 2829
Not quite sure I understand the last post. I guess I don't fully understand the Family Tax Cut program. If I transfer, say, $50k of income to my wife, I would not be able to use the US tax paid on that income ( prorated, I guess ) as Foreign Tax credit. I'd expect that, otherwise this would be ridic...
- Wed Mar 04, 2015 5:12 pm
- Forum: Canada / United States Tax & Accounting
- Topic: New CCRA Income Splitting rules, for commuter with CDN wife
- Replies: 5
- Views: 2829
New CCRA Income Splitting rules, for commuter with CDN wife
My Canadian citizen ( only ) wife makes about 60K. I'm dual citizen residing in Canada commuting to work in US We are wondering if the current provisions to transfer up to 50k of my income to her, for Canadian Federal tax purposes, would make sense. I make considerably more than 60K and could use th...
- Tue Jun 24, 2014 4:07 pm
- Forum: Canada / United States Tax & Accounting
- Topic: reasonable price for accounting dual citizen
- Replies: 7
- Views: 4990
- Wed Nov 20, 2013 8:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: ACA, USC/Canadian Dual citizen
- Replies: 9
- Views: 4435