Serbinski Accounting Firms

Asking in this thread because I have similar question. I still need bit clarification for these two items: 1. For form 2555, should I report my T4's total / gross income or just the taxable income. If it is taxable income then how I will find taxable income from T4? 2. For UCCB, how do I find the ta...

I was checking other posts. If I did not get it wrong, in one post you were mentioning "some part" of child care benefit is taxable. How do I calculate that portion? I found I have a very small amount of Canadian interest/dividend income. Can I put it as other income in 1040 without 1116? ...

Filling up the state (NJ) tax asks when I moved to the state for part year tax. But it only allows to choose any U.S state as previous state. I guess in this scenario we have to choose full year in NJ and go forward. Am I righr?

Thanks.

Do I need to include / declare my post move 2015 U.S alien resident income to my canadian return?

Thanks

Hi, Can you pls tell me if I am on right track? I have a rental property in canada. I am doing following for tax returns: - in form 776, I choose less CCA and CCAed (%) in a way that my net rental income becomes 0 for s.216. And I pay no tax to CRA for rental property. - For IRA return, I am NOT fil...

Is it applicable for Canadians working in US with TN?

I remember you mentioning in other posts that it might be a good idea to claim CCA at 2.5% as we must depreciate our Canadian rental at 2.5% for IRS anyways. However, in my case if I claim CCA at 1%, my net rental income becomes zero. So is there a reason why I should claim higher CCA in order to ma...

Do we need to send all receipts for rental expenses, foreign income w2 etc with paper tax filing? Or only when it is audited and CRA asks for receipts?

Thanks.

Pls clarify one more time, We are filing jointly both in Canada an U.S, - I assume we both need to fill s.216 (1159) separately and Split numbers? Am I right? - I assume we both need to fill section c of 1040 separately and split numbers. Am I right? - For foreign tax credit, do we both need to file...

Which form I should use for foreign tax credit on canadian rental property? I don't see any field for it in Schedule C of 1040.

Do both me an my wife needs to do Section C of 1040 by spliting numbers?

Thanks again. - How do I know if I have to pay U.S tax on Canadian rental income in U.S? Which form needs to be used? - My wife and kids don't have Social security or ITIN. Do I have to file as single? because tax SW don't go forward without spouse Social security number or ITIN. Even though I selec...

Thanks. So, I will go ahead without NR4 and submit the s.216. I will attach all applicable receipts for any deduction( expenses) and the check. Ask my property manager to open NR account with CRA and withhold and submit 25% of Gross for now till the NR6 is approved. My property is owned by both me a...

For 2015, I need to pay 25% on net or gross? Is there any way to pay 25% on net rental income for 2015 in this scenario?

Thanks.

I have few questions: Regarding foreign income: I moved to usa in Aug 2015 My family moved to usa in sept 2015 I guess I become non resident from sept 2015 because that is later date. Do I need to pay tax to CRA on my foreign income for the month of Aug 2015? If yes, How do I avoid dual taxation by ...

Thank you everyone for all the good info!