Search found 97 matches

by tony
Wed Oct 19, 2016 11:09 pm
Forum: Canada / United States Tax & Accounting
Topic: switching rssp fund while in US
Replies: 6
Views: 2854

switching rssp fund while in US

ING & IG said they dont' have license to sell / switch funds if a customer doesn't live in canada jurisdiction. However, manulife said there is no problem if i want to switch fund from A to B while i am in the US. Is that true? Anybody experience that? is that a US law or canada law?

thanks
by tony
Wed Oct 19, 2016 10:56 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Citizen preparing to move to California on TN Visa
Replies: 15
Views: 6765

again other questions for item 2,
2a. where do I know my book value because:
2a1. I buy a little every month for 4 years,
2a2. i have quarterly report but no book value in it.
2a3. say if the fund doesnt make money, i don't need to sell & re-invest right?

thanks
by tony
Wed Oct 19, 2016 9:29 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Citizen preparing to move to California on TN Visa
Replies: 15
Views: 6765

again for item 1, assuming i would arrive in US 1st of Nov 2016. When should i sell & buy RSSP? considering I dont stay in us for 183 days in 2016, but my salary may pass the minimum threshold.
by tony
Wed Oct 19, 2016 9:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Citizen preparing to move to California on TN Visa
Replies: 15
Views: 6765

1. what is the qualification of 1040? Is the amount of salary ? Or, the 183 days in 2016? What is the amount of salary threshold to be qualified for 1040?

3. a financial advisor but from canada, so he may not be familiar with us taxation.

thanks
by tony
Wed Oct 19, 2016 9:20 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian working in U.S.: Provincial tax?
Replies: 7
Views: 3923

Thanks for the answer. One company gave me wrong information, luckily I decline the offer as if I pay fica, I got a lower salary than canada.
But, why pay fica yet I have to pay health insurance on top of it?
We don't pay that in Canada and we get health care.
by tony
Tue Oct 18, 2016 9:16 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian working in U.S.: Provincial tax?
Replies: 7
Views: 3923

hi,
I am a bit confused about FICA. As a TN visa worker in US, (lets assume you're not a canadian resident for tax purposes), you don't pay FICA to US right? So, as a alient tax resident in US, you end up having larger salary in US. Is that right?
by tony
Tue Oct 18, 2016 9:01 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Citizen preparing to move to California on TN Visa
Replies: 15
Views: 6765

My situation is the same. So, I just want to confirm few things: 1. although the departure date is (say 1 Nov 2016) I am still allowed to withdraw TFSA on 31 Dec 2016 without reporting & paying tax to US? 2. Regarding RSSP, some advice to sell and buy the same mutual funds again before leaving C...