I am a Canadian citizen and I have a job offer to work in the US by way of TN Visa. For 2021, I expect to work out of the US for less than 183 days and therefore would not pass the "Substantial Presence Test". For 2022, I do expect to be in the US for more than 183 days.
1. For 2021, being in the US for less than 183 days, is it safe to assume that I will be a "tax resident" of Canada? If this is the case, would I only file US income with the IRS (and file US + Canadian income with the CRA)?
2. I have a shared principal residence (jointly-owned with my father) in Canada. Given that it is a shared residence, is this sufficient to qualify as a "strong-tie" to Canada?
3. I have other investments in Canada, some of which are co-owned with my father (e.g., condo). How should I think about the tax consequences of these shared investments to both myself (eventual "tax resident" of the USA) and my father (resident of Canada)? I am particularly concerned about my father having to pay additional taxes and/or have to file both US and Canadian taxes on these joint investments.
Thanks!
Tax consequences of joint investments
Moderator: Mark T Serbinski CA CPA