Serbinski Accounting Firms

From what I am reading, it looks like for 2020 I have the following possible scenarios (please bear with me as it’s been a while since I read about the Canadian tax laws): 1. I stay in Canada for 183+ days and then return to the US for good: I have to file taxes as a deemed resident with CRA on all ...

Thanks Nelsona. My real intention is not to return to Canada for good. I have to be back in the US before the year is up anyway. Plus this is only a temporary stay until my mom passes away. Besides employer’s own interpretation of the tax codes and treaties, what should I do? Let’s say I work remote...

I am a US GC holder and a Canadian citizen, and have been in Canada for 3 months due to my mom’s colon cancer. Unfortunately she won’t last long and I will be back in the US before my 1 year is up. I was on Family Medical Leave (FMLA) up until now. My US employer is willing to let me work remotely f...

Thanks for the reply. I hope the Canadian Turbo Tax is as straightforward as the American one so I can enter the Roth 401k amount. As for GC, I wasn't actually keen on it. My employer's HR forced me to get it by threatening that I was interfering with my employablity at their company had I kept rene...

Due to a family emergency, I need to go back to Canada for a few years. I am working on getting a Re-entry Permit on the immigration front. What is the general advice on the tax front for such a move of a temporary nature? File 1040 every year on Canadian income (most prob I'll get a job in Canada)?...

Once again, a great answer by nelsona! What would we do without you? Thank you! I talked more to the manager of this new position and he made it clearer that it would be scenario 2 for less than 183 days while keeping me on US payroll. They're just excited they don't have to apply for some sort of w...

I am a Canadian with GC and have been in the US for 14 years (non-resident for Canadian tax purposes). I am interviewing a new group at my current company and half of the team is in Vancouver, Canada. They like the fact that I can also work in Canada without the need for a work visa. I wonder what t...

Yes. Scotiabank, my own bank, is next on the list. This RBC one was supposedly a referral by a Canadian real estate agent who comes down here to Arizona (on E status I guess) to buy, fix and sell foreclosed properties. I met him here.

Once again thanks for the reply and the clarification. I bet that is the issue here because she is based in B.C. and they deal with a lot of investors from Hong Kong. The thing that she keeps saying I have to pay speculation tax shows she has only dealt with Chinese who are neither PR nor Canadian c...

Huh! I didn't think about it from that perspective! Is that the same securities regulations that prohibit a Canadian resident from opening a brokerage account in the US? If so, the same should apply the other way around too. Plus there will also be issues with tax reporting (like how are they going ...

Here's an interesting FAQ for non-residents who want to buy a property in Canada: https://www.getwhatyouwant.ca/faq-buying-property-canada-non-resident-buyers Once again, she was wrong that I'd be subject to 15% speculation tax. Canadian citizens are exempt from that regardless of their residency. I...

Thanks nelsona for the reply! I figured opening an investment account would trigger income tax issues. And she says all her expat Canadian clients who live in the US do it all the time and then they close the account after getting the mortgage. All these years, I have kept only a checking account in...

Ok, I’m revisiting this topic of a Canadian expat living in the US trying to buy a condo in Canada and I need some help and info. I’d appreciate any help or info. I’m talking to a Canadian mortgage broker at RBC and I think she’s just trying to sell me irrelevant banking products and she’s...

Thanks for sharing your experience! I'm assuming when you cash the IRA, they'll send you a check to your Canadian address because they don't do international ACH or wire transfer.

I told my friend to call Fidelity on a different day to get a different agent. He told me the agent put him on hold multiple times to ask supervisors. That gives me an indication that the agent didn't really know what he was talking about. Plus some Americans think Canada is part of the US :) I told...