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When you withdraw funds from RRSP, you will be taxed on the growth by IRS. But for california, since you have already been taxed year by year on the growth, you will only be subjec tto tax o nthe growth from that year. california procedures allow for this.

Ah... "essentially" does not mean "actually" in your case does it.? If not. then the money is fully taxable in Canada. Unl;ess you actually reported the contributions as income, you cannot exempt any of the proceeds. If, however, you lived in Canada all that while, You should hav...

You should be filing in both US and Canada, and reporting ALL your icome in BOTH places.

Then you will take foreign tax credits, where eligible.

Please read more on this forum, your case is not complex.

I might answer more specifically --- but only after the filing deadlines have past.

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...

Heck if I know

Form 8891, if you elect to defer, sheilds this income. California is the only state that does not go along with this.

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 ...

You have a good case for declaring departure in january. You should file a tax return for 2006 with adeaprture date in January. Make sure you review the "Emigrants Guide" from CRA, as well as NR73 (don't submit, just review) to be sure you have done everything that you can to sever ties (t...

Of course. Reinvested dividends (in a non-sheltered account) are always considered income to reported yearly. California requires tax to be paid on this

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...

I think we have covered everything. The questions are getting circular.

See you all in May.

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 ...

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...

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...

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...