Finally, I got a penalty of 2500 + interest due to late filing T1135.
Anyone has idea how to appeal to CRA? Any tips?
thanks
Search found 97 matches
- Thu Jan 26, 2017 2:12 am
- Forum: Canada / United States Tax & Accounting
- Topic: Form T1135 and insurance policies
- Replies: 11
- Views: 6664
- Mon Jan 16, 2017 2:03 am
- Forum: Canada / United States Tax & Accounting
- Topic: SCI-W8 OR W-9
- Replies: 1
- Views: 1988
SCI-W8 OR W-9
I moved to US in Nov 2016 hence I changed my address of my TD bank account. Recently, I received a letter from TD bank to choose whether I am a US person or NOt.
To choose SCI-W8 or W-9? Which one should I choose? Considering, I live only < 2months in 2016 (US).
thanks
To choose SCI-W8 or W-9? Which one should I choose? Considering, I live only < 2months in 2016 (US).
thanks
- Sat Jan 07, 2017 2:24 am
- Forum: Canada / United States Tax & Accounting
- Topic: transaction date
- Replies: 8
- Views: 3675
hi Nelsona, The problem is I was in country A, and the payer was in country B. It was a programming job. And, now I am in country C, which is USA. So, there is no tax receipt or anything. But, because there was a delay during e-transfer due to holiday season, which I don't anticipate the payment was...
- Thu Jan 05, 2017 4:39 pm
- Forum: Canada / United States Tax & Accounting
- Topic: transaction date
- Replies: 8
- Views: 3675
Thanks for the reply. 1. how can I prove if asked by IRS? 2. to clarify, I stay in US only in Dec 2016. So, it means I dont' need to report in my US tax return 2016 right? 3. the payer is also outside US, so in this case no need to report. Correct? 4. The payment is only few hundreds dollar. But, if...
- Tue Jan 03, 2017 1:16 am
- Forum: Canada / United States Tax & Accounting
- Topic: transaction date
- Replies: 8
- Views: 3675
transaction date
I provided a service to an overseas company in Jan 2016. However, the payment was sent online on Dec 28 2016. Then, the payment is just received in 2017.
The question is when should I pay the tax to that payment? 2016 or 2017?
Please note that the company is an overseas company.
thanks
The question is when should I pay the tax to that payment? 2016 or 2017?
Please note that the company is an overseas company.
thanks
- Mon Nov 07, 2016 9:05 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP Capital Gains/Amended Returns/California
- Replies: 5
- Views: 3883
Thanks I am clear on that now. My equity-type of investment fund (in RRSP) doesn't alter the book cost in each quaterly report (assuming no new contribution). As some type of investment such as fixed income will have re-invest its profit such as interest. This type of fund will have different book c...
- Fri Nov 04, 2016 11:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP Capital Gains/Amended Returns/California
- Replies: 5
- Views: 3883
- Thu Nov 03, 2016 5:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RSSP deferred tax means?
- Replies: 5
- Views: 2954
- Thu Nov 03, 2016 5:23 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSPs and FBAR
- Replies: 4
- Views: 3010
- Thu Nov 03, 2016 4:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Double reporting on form 8938 and on FBAR?
- Replies: 3
- Views: 2466
- Mon Oct 31, 2016 10:37 pm
- Forum: Canada / United States Tax & Accounting
- Topic: compare RESP & foreign bank account (foreign property)
- Replies: 1
- Views: 1250
compare RESP & foreign bank account (foreign property)
1. Many advises saying to close RESP because of its complexity in reporting. What about my Canadian foreign bank account? how complex if I don't close it?
2. In canada, foreign property threshold is $100,000. Is that true in US is $10,000? Why some says joint reporting $500,000? what is it?
2. In canada, foreign property threshold is $100,000. Is that true in US is $10,000? Why some says joint reporting $500,000? what is it?
- Mon Oct 31, 2016 10:17 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian moving to the United States: TFSA RESP concern
- Replies: 12
- Views: 6185
hi Nelsona, 1. What do you mean by filing a tax as non-resident will cause you a lot? 1b. how much difference are we talking about? double? 2. so if i stay only 6 weeks in US, can I choose to file tax as resident? 3. what consequences will that be? 4. if i move to use on Nov 14, and i choose to file...
- Mon Oct 31, 2016 8:18 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Tough call filing as resident or non-resident of Canada
- Replies: 8
- Views: 5262
- Mon Oct 31, 2016 7:08 pm
- Forum: Canada / United States Tax & Accounting
- Topic: When to notify CRA of exit
- Replies: 5
- Views: 3405
I myself would prefer to be non resident as my salary in US will be much higher than in Canada and also the tax is lower. For these reasons, 1. should I notify them earlier? (sending NR73) 2. I am afraid they will send me child benefit. If they do, can I choose to be non resident and refund what the...
- Mon Oct 31, 2016 7:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: When to notify CRA of exit
- Replies: 5
- Views: 3405