Hello,
I am a Canadian citizen, working for a USA company on TN Visa since January 2005. I have a rented appartment in Canada and one in US. Most of the time, my wife is living in Canada and I am living in USA. However, both the apartments are rented on my name and I have a car that is registered in Canada under my name. My company in USA is deduction all the taxes as per US resident laws.
Question:
1) How will I be taxed for year 2005?
2) What should I do to avoid double taxation?
Your help will be greatly appreciated.
Thanks
Vijay
Moving to USA on TN Visa
Moderator: Mark T Serbinski CA CPA
You will be taxed in Canada as if you never left (which, in fact you haven't), so all your world income is to be reported on your Cdn return.
Additionally, you will file US tax reurn (and state) reprting all income there too.
There will be tax credits available to reduce double taxation.
To avoid this situation in future, your wife should join you in US. At that point you would become a non-resident of canada, paying Cdn tax only on Cdn income.
<i>nelsona non grata... and non pro</i>
Additionally, you will file US tax reurn (and state) reprting all income there too.
There will be tax credits available to reduce double taxation.
To avoid this situation in future, your wife should join you in US. At that point you would become a non-resident of canada, paying Cdn tax only on Cdn income.
<i>nelsona non grata... and non pro</i>
-
- Posts: 4
- Joined: Thu Jun 23, 2005 6:49 pm
No. CRA does not inform OHIP.
However, keeping OHIP would be an indictaion of intent to return to Canada, so is not advisable for tax purposes.
His OHIP will be invalid when he leaves unless he makes PRIOR arrangements to temporarily prolong it, so trying to keep it is pointless
However, keeping OHIP would be an indictaion of intent to return to Canada, so is not advisable for tax purposes.
His OHIP will be invalid when he leaves unless he makes PRIOR arrangements to temporarily prolong it, so trying to keep it is pointless
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing