Search found 62 matches
- Mon May 25, 2015 3:42 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Changes coming to RRSP reporting
- Replies: 25
- Views: 24837
I have been racking my brain over this but i really read the irs document and if you read the reporting it says for eligible individuals or not you don't need to report anything until you take a distribution, but once your rrsp gets big enough they will know about it through form 114. Form 8938 seem...
- Mon May 25, 2015 12:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Sasketchewan pension plan and IRS?
- Replies: 2
- Views: 2461
Sasketchewan pension plan and IRS?
I am an American citizen living in Canada as a PR. Now i used to file form 8891, but now that is no longer the case and i have been filing US returns since i moved here in 2004. I am repaying my home buyers plan and i put my contribution in the Saskatchewan Pension plan. Is it considered under the u...
- Wed Feb 05, 2014 8:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: New Tax agreement signed today?
- Replies: 8
- Views: 5242
New Tax agreement signed today?
Do the exemptions mean anything to us who are Americans living in Canada. Does it mean we can have a TFSA and RESP?
- Sat Jun 01, 2013 12:59 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP question with twist.
- Replies: 1
- Views: 1932
RRSP question with twist.
I am a US citizen living in Canada and 1 1/2 years ago i emptied my rrsps for the HBP. So i don't have any rrsps at this time(My repayment is starting back in 2014). When i open a new RRSP account and i get to line 6a and 6b. My first declaration was in 2007 when i opened my first rrsp, so do i say ...
- Wed Sep 19, 2012 9:32 am
- Forum: Canada / United States Tax & Accounting
- Topic: RESP's and possible tax implications for dual citizen child
- Replies: 17
- Views: 13375
I'm in the same boat. I'm an American citizen with a Canadian PR married to a Canadian citizen. We just had a baby last year and i have to register her at the consulate and go through the procedures for US citizenship. Nelsona, am i correct in assuming my wife can open an RESP for our daughter who w...
- Wed May 30, 2012 12:35 am
- Forum: Canada / United States Tax & Accounting
- Topic: Finishing up US taxes. Need a clarification reg. the HBP?
- Replies: 16
- Views: 9440
I used to have a TFSA the first year it was out and then closed it because of all the requirements. I only have my wages and this one time HBP withdrawl. So what line do i put the deferred income on? For each of the RRSPs i used, i added up all the line 7bs and got the $1500. Do i just leave those a...
- Tue May 29, 2012 8:40 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Finishing up US taxes. Need a clarification reg. the HBP?
- Replies: 16
- Views: 9440
- Tue May 29, 2012 2:58 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Finishing up US taxes. Need a clarification reg. the HBP?
- Replies: 16
- Views: 9440
- Tue May 29, 2012 5:11 am
- Forum: Canada / United States Tax & Accounting
- Topic: Finishing up US taxes. Need a clarification reg. the HBP?
- Replies: 16
- Views: 9440
- Mon May 28, 2012 3:55 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Finishing up US taxes. Need a clarification reg. the HBP?
- Replies: 16
- Views: 9440
- Mon May 28, 2012 3:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Finishing up US taxes. Need a clarification reg. the HBP?
- Replies: 16
- Views: 9440
So anyway not to pay taxes? I thought i was in the clear. Like i read in one of your other posts, i don't trust to pay anyone to do it properly. Well the 8891 says to put these numbers on 16a/b on your 1040. So i did that and it got added as income. Do i file a 1116 for the rrsp withdrawl seperately?
- Sun May 27, 2012 7:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Finishing up US taxes. Need a clarification reg. the HBP?
- Replies: 16
- Views: 9440
Finishing up US taxes. Need a clarification reg. the HBP?
I have reread certain threads about the reporting of the HBP. However do i add the 20k on line 16a on the 1040? I added the $2400 all 3 rrsp plans made as cumulative gains(they were all fixed GIC accounts)on line 16b. I use the 2555ez form as well. I am just stuck on this part because i thought you ...
- Sat Feb 25, 2012 1:31 am
- Forum: Canada / United States Tax & Accounting
- Topic: American Citizen, bought a new house in Canada using the HBP
- Replies: 6
- Views: 4018
- Wed Feb 22, 2012 10:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: American Citizen, bought a new house in Canada using the HBP
- Replies: 6
- Views: 4018
- Wed Feb 22, 2012 10:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: American Citizen, bought a new house in Canada using the HBP
- Replies: 6
- Views: 4018
American Citizen, bought a new house in Canada using the HBP
Alright my wife and I just bought a house this past December. The dreaded tax season is upon us and im not quite sure how exactly to report the home buyers plan. I know im taxed on interest the distribution made, but what are the details i need to know? Any pointers? Montreal is lacking in cross bor...