Canada/US tax resident - filing first time for both

[rao_manoj2004]

Hi, I am US GreenCard holder and work and live in US. I have my family, multiple rental properties, primary residence, car, bank accounts, RRSP etc in Canada. Since my relationship to Canada is strong, I am also considered tax resident of Canada. I moved to US in March 2023 and this is first time when I will be filing taxes in US and Canada. Already received W2 for US. I always file my own taxes using Turbotax paid version as I have rental incomes to show. Looking for guidance so that I can handle tax filing in both countries. Thank You!!

[rao_manoj2004]

Hi Nelson, Looking forward for some help from you.

[nelsona]

Once you satisfy US tax residency by treaty, you are no longer considered Cdn tax resident. What *dependents* are in canada? Economic ties in canada don't count.' Let's establish that first.

[rao_manoj2004]

nelsona wrote:
> Once you satisfy US tax residency by treaty, you are no longer considered
> Cdn tax resident. What *dependents* are in canada? Economic ties in canada
> don't count.' Let's establish that first.

Hi Nelsona, I have dual status. I consulted two cross border tax accountant last year and both mentioned that my ties to Canada is too strong and CRA will consider me tax resident to Canada even though I live and work in US.

Below is the message I got last year from cross border accountant:
US Tax Return (As single)
- US Dual Status Return
- US FBAR
- Form 8833 (to bump up cost of your primary residence to its FMV on the date you get your Green Card)
Canada Tax Return (Married jointly):
- T1 Tax Return
- Foreign Tax Credit Form (T2209)
- Form T776 (rental income and expenses)

Please advise.

[nelsona]

Please continue consulting with your tax pros

[agrisiva]

Hi rao_manoj2004, as per the link below and as per nelsona, you will be a deemed non-resident for Canada since you are a Green-card holder and a resident-alien for the US which has a tax-treaty with Canada...

https://www.canada.ca/en/revenue-agency ... tatus.html