Serbinski Accounting Firms

I agree. If your wife was WORKING in US, and becoming taxable there, I think a different conclusion may need to be reached. Remember to keep track of any moving expenses, to write off against her income. Scholarship taxation is changing in Canada (for the better), so watch for any new regs. In the U...

To break Cdn residency, you need to establish tax residency elsewhere, so that might save you from being declared non-resident by CRA. You definitely have a unique situation, especially because your wife is a student. If she was going down to US for work, or even as a tourist, she would become resid...

You ARE a non-resident of Canada, by your actions. As to your wife, didn't you say that she will be getting scholarship. That is considered income both by Canadian and US definition. As to your Vietnamese income tax, do you know what the compny is doing tax-wise? Any tax they are paying is considere...

Your best investment is likely your home. It will grow tax-free. Your RRSP will do the important job of lowering your Cdn taxrate, which should be your primary concern right now. Same for company pensions. An IRA at this point will not reduce your taxes, so is of little value. When you return to US,...

First off, your BC pension IS taxable in US, and has been since you were in US. You report it as income on your 1040 and take credit for any Cdn tax you paid. Whomever suggested to you that it was not reportable in US was incorrect. The fact that 15% tax is withheld in Canada simply means that you d...

This one is a bit tricky. I'll try to peel the onion a bit. First, your wife: By being a student, she technically is NOT becoming a US tax resident, so she can simply choose to continue to be taxed in canada on her world income, and in US on her US-sourced income ONLY. Likely she would face little i...

Probably

The return will be forwarded to Intl.

Don't expect any response before Aug/Sept. Intl returns are done last.

That sounds correct. While, technically, the old RP 02-2003, which is supposed to govern the use of 8891, stated that even a statement had to be provided yearly even old RRSP which was rolled over into a new one, this has never made much sense. I would do as you outlined. As you said, The rollover i...

Yes. Be aware that some brokers won't deal with clients with Cdn adress.

Not really grist for this forum, but the interst you will be paying will either be for the mortgage on your home, or will be for your RRSP.

I don't see how this would make any interest you pay deductible.

At this point it is not really a cross-border issue. Small businesses are sold all the time. Your lawyer should be helping you a little better. Contact a rela estate broker, they will have plenty of contacts.

I'm sure your accountant will be able to help you on these issues.

Score means nothing in Canada. Your US history may be transfereable, but remember that canadian lenders doesn't rely robotically on these factors. If you have income, and assets you will have no problem getting loans, etc. I would not worry about trying to transfer anything or have Cdn institions lo...

No, it should be sent to international. So should your departure return.