Search found 78 matches

by Gilgamesh
Wed Apr 03, 2019 7:57 am
Forum: Canada / United States Tax & Accounting
Topic: Old age security with Roth income
Replies: 18
Views: 7149

Old age security with Roth income

As I understand Canada recognizes the tax free withdrawal of Roth. I am a dual citizen who may reside in Canada after retirement. Question - is Roth income or social security factored into figuring out eligibility for Old age security?...how about ‘Guaranteed income supplement’? If Social security i...
by Gilgamesh
Wed Apr 03, 2019 7:11 am
Forum: Canada / United States Tax & Accounting
Topic: Dual citizen (USA resident) owning condo/townhouse in Canada
Replies: 13
Views: 5079

Re: Dual citizen (USA resident) owning condo/townhouse in Canada

Thank you!...never thought about depreciation, so that’s great info.
by Gilgamesh
Tue Apr 02, 2019 5:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Dual citizen (USA resident) owning condo/townhouse in Canada
Replies: 13
Views: 5079

Dual citizen (USA resident) owning condo/townhouse in Canada

I did a search and could not find an answer to this question. I am future planning. If I purchase a condo or a town home in Canada and rent it out, as I understand I initially file formNR6 and then to pay any taxes owed I file t1159. I also understand expenses can be deducted from the rental income ...