T4A questions from US citizen

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oh_accounting
Posts: 1
Joined: Thu Apr 01, 2010 9:23 am

T4A questions from US citizen

Post by oh_accounting »

Hello,

I was a US citizen working in Canada up until Feb 2009. After I was laid off, I returned to the States. I was given both a T4 and T4A for my wages & severance pay.

1. I was told that since I was in Canada for less than 60 days, I do not have to file a Canadian tax return, and I just need to file a USA tax return. Is that correct?

2. Where am I supposed to report my T4A (I only have an amount in box 27, Non-eligible retiring allowances) on my US tax return? Do I just add this in with my wages from my T4?

3. And then when I fill out the Foreign Tax Credit form, do I again, just add up wages from my T4 and T4A and consider that "General Income" category? And then foreign taxes paid is my income tax deducted, CPP contributions, and EI premiums paid?

4. When I did a test 2009 Canadian Tax return (just reporting only income from Canada) I ended up getting a refund of over $4000. I'm assuming if I only do my US tax return, my foreign tax credit will be something similar?

I hope my questions make sense. Thanks in advance to anyone who is able to answer.
nelsona
Posts: 18678
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

1. That is not correct. All Cdn wages need to be reported in canada, even for one day. However if your wages totalled less than $10K, you can exclude all of it and get your full Cdn taxes back.

Thta'
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
nelsona
Posts: 18678
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Sorry. You were resident untril you left, so you cannot exempt the $10K. My mistake.

So you do have to file in canada. Rememebr that any refund you get will reduce your US tax credit.

Can't answer anymore, you've come too late in year. So see you in may and read other threads,. Nothing in your post has not been answered before.
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
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