Source Income From Canada
Moderator: Mark T Serbinski CA CPA
Source Income From Canada
Hi -
I'm a Canadian citizen and non-resident. The only income I've derived from Canada is $200 (last year), while in the US.
I have no personal or real property and have nothing registered nor any bank account in Canada. No spouse or children either.
Based on the $200 source income, should I file an income tax form for Canada, even though I haven't been there in years?
Thanks.
I'm a Canadian citizen and non-resident. The only income I've derived from Canada is $200 (last year), while in the US.
I have no personal or real property and have nothing registered nor any bank account in Canada. No spouse or children either.
Based on the $200 source income, should I file an income tax form for Canada, even though I haven't been there in years?
Thanks.
You should not have to file a return. However, as a non-resident, it os possible that some tax should be withheld from the income directly, as non-resident tax.
What type of income is it?
In any event it must be reported on your US return, and the account, if any may also be subject to additional rporting.
What type of income is it?
In any event it must be reported on your US return, and the account, if any may also be subject to additional rporting.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
But, yes, if NR tax is due on any source income, it is to be withheld by the payor, and is not refundable.
If the payor has underwithheld (like when payee does not inform payor of proper residential status), one should send payment with a letter attached.
If the payor has underwithheld (like when payee does not inform payor of proper residential status), one should send payment with a letter attached.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
[quote="nelsona"]But, yes, if NR tax is due on any source income, it is to be withheld by the payor, and is not refundable.
If the payor has underwithheld (like when payee does not inform payor of proper residential status), one should send payment with a letter attached.[/quote]
Thanks that's good to know. I may have to look into if the payor underwithheld, although they sent payment to me in the US.
If the payor has underwithheld (like when payee does not inform payor of proper residential status), one should send payment with a letter attached.[/quote]
Thanks that's good to know. I may have to look into if the payor underwithheld, although they sent payment to me in the US.