I am Canadia n, working in the US . I did not work in Canada in 2005. I started working in the US from May 2005 to currently.
I visit my family accross the border almost every weekend. Now come the tax year , what do I do.For tax purposes what do I not to have double taxation . I have been paying taxex in the US , so I guess , I will like to know the procedure not to incur Canadian taxes.
I own property in Canada( my family live in) ,I maintain an account in CAnada to remit the family.I am under my wife's extended medical plan etc etc
I am currently on a H1B visa, if I am to file the US taxes , how do I claim my family, do I need an ITN to able to claim any tax credits ?
Thanks
Tax implications for a Canadian working in the US
Moderator: Mark T Serbinski CA CPA
To avoid Cdn taxation on your US income, your residentail ties in Canada have to be broken.
This would include, primarily, having your wife and children living with you in US, and NOT having a home available to you in Canada.
From you post you have 2 problems: (a) your constant trips back to visit "family", and (b) the fact that you own the house your family lives in.
What family are we talking about, and what kind of arrangemt do you have in terms of leasing out this house? You seem to have a room there for you at all times: this would be considered a residential tie.
At the same time, you MUST be clearly making a LIFE for yourself in US, not just at work. Your spouse and childeren should be with you. You should have a home in US. It must be clear that you intend to live in the US for a while.
I get the feeling that your "etc etc" means that you are not really living in US, and are thus taxable in canada on all your income. Your US wages are also taxable in US.
This would include, primarily, having your wife and children living with you in US, and NOT having a home available to you in Canada.
From you post you have 2 problems: (a) your constant trips back to visit "family", and (b) the fact that you own the house your family lives in.
What family are we talking about, and what kind of arrangemt do you have in terms of leasing out this house? You seem to have a room there for you at all times: this would be considered a residential tie.
At the same time, you MUST be clearly making a LIFE for yourself in US, not just at work. Your spouse and childeren should be with you. You should have a home in US. It must be clear that you intend to live in the US for a while.
I get the feeling that your "etc etc" means that you are not really living in US, and are thus taxable in canada on all your income. Your US wages are also taxable in US.
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