This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.
If I retain a house in Canada and have a second home in Florida, but take a TN in US which puts me over the IRS six month threshold, am I forced to exit and deem dispose Fine Art still in Canada?
Is there a status where I am filing US on US income but filing Canada on world income with TN?
Once you live and work in US, and meet Substantial presence test, CRA has the right to DEEM you non-resident. Their choice. You can always deem yourself non-resident in this case to avoid any surprise.
Once you pass 183 days in a calendar year, and becuase you WORK in US, it would be impossible for you to argue to IRS that you have closer ties in canada than US.
Only long-term tourists or students can successfully argue this, either because their ties in Canada re more than US (yours are not if you work), or US specifically does not recognize your US residency (students).
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing
It should not have been, but your spouse is not responsible for past non-payments. she is resposnsible for the gains from the time she became owner until she deprts canada.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing