Serbinski Accounting Firms

A side question related to donation, may I know for regular donation (American Humane, Food and Water watch..etc). Do I have to use it in the same year I donated? In canada, it can carry forward up to 5 years to use it as non-refundable credit. Would U.S. all carry forward the donation and use it in...

May I know for the 8938 FATCA reporting requirements: I have following canada assets (highest value in equivlent in usd): 1. Canada RRSP FMV 18,000 in Mar 2021 (transfer to invest direct RRSP in April 2021) 2. Canada RRSP in investing direct account FMV 22,000 in December 2021 (incl. transfer from a...

thanks a lot nelsona

I am thinking as I still have contribution RRSP room, and I have income in canada before I leave in Sept, so I though the 401k contribution can be used to deduct my 2021 canada tax using RC268 or any other forms? Or CRA only allows 401k deduct income if the taxpayer is comunters only?
thanks.

Just check RC269(Employee Contributions to a Foreign Pension Plan or Social Security Arrangement – Non-United States Plans or Arrangements) but it seems like not for U.S. . I tried to look for more information and found RC268 Employee Contributions to a United States Retirement Plan – Cross-Border C...

May I know if the 401 contribution (from employee and employer) can be claimed as RRSP deduction in Canada T1 ?

I am sorry, I tried to google and look around but can't find the answer.

thanks nelsona For form Schedule OI (for Form 1040NR). could you mind I am asking more idea for Question B. "In what country did you claim residence for tax purposes during the tax year? In this case, Canada tax residency is Jan to Mid-Oct only, and mine is Jan to early Sept. Does IRS ask for t...

"1. Because you do not meet the SPT, you are not required to consider yourself either a resident or dual status for 2021. This does not change your departure date from Canada, which is still october. So you can merely file a 1040NR for 2021 to avoid any hassle with TFSA." For 1040NR- Sched...

Thanks nelsona.
I really appreciated your help.

I will include the Dec payment in my 2021 T1 departure return for sure because the freelance job was completed before I move to U.S. The U.S. accountant mentioned that if I file 1040NR for 2021, then, the Dec 2021 payment would not need to include. But if I choose to file as dual-resident (1040 for ...

hi nelsona I told my u.s. accountant that I don’t need to report the payment I received in Dec 2021 from my self-employed income earned I Canada before I moved to U.S. He said I am a cash basis taxpayer in the US because I had file 1040NR in prior year even I only have W2 for internship income in th...

I really appreciate your help nelsona.
I was so worry in the past few days. Thanks again....

Thanks nelsona. I just found this post. Before I moved to U.S. in Sept 2021, I only have freelance job from May to August 2021 and all invoices have been issued. For sure, I will include all invoices (include those two overdue invoices) as my self-employed income in my 2021 Canada departure return (...

Sorry nelsona. i am not familar. I didn't work for anyone except my employer since sept 2021 when I arrived u.s. the 3.5k if the client pay me back really for the old invoice issued before I left canada (job did and invoicesissed july and aug in 2021). May I ask if this will be treat as my income th...