Moving Expenses (Read that somewhere)

Alwaysdream · Post by **Alwaysdream** » Wed Mar 26, 2008 9:50 pm

I think I read some where that Canadian Citizen can not deduct moving expenses to USA if they elect to be treated as CAN Resident this Tax year while reporting US income as world income minus paid US tax, am I correct?

octane99 · Post by **octane99** » Wed Mar 26, 2008 10:28 pm

No. You can't as CRA treat your canadian residence as your ordinary residence.
However, you can deduct your qualified moving expenses within US ( change job).

Alwaysdream · Post by **Alwaysdream** » Sat Mar 29, 2008 11:13 am

Please I want to understand why moving to USA for Job can't be deducted from Canadian Tax, even through Ufile allow me to write the foriegn address,

Another question if you are contractor in USA, can you include the income on your business in Canada?

Appreciate the help

nelsona · Post by **nelsona** » Sat Mar 29, 2008 12:04 pm

You cannot claim expenses for the move on your Cdn return

If you are a contractor in US, but living in Canada, you MUST declare your income in canada. You may ALSO have to in US depending on work conditions.

Alwaysdream · Post by **Alwaysdream** » Sat Mar 29, 2008 2:25 pm

[quote="nelsona"]You cannot claim expenses for the move on your Cdn return

If you are a contractor in US, but living in Canada, you MUST declare your income in canada. You may ALSO have to in US depending on work conditions.[/quote]

Thanks, But I still asking why I can't, please do you have reference to that.

My other Question: I know that I have to report my income but if I have business Number in Canada, can I report that as part of my business income?

nelsona · Post by **nelsona** » Sat Mar 29, 2008 7:02 pm

Look at the emigrants guide as well as the moving expenses information.

I'll let carson handle the business Q if he wishes.

Alwaysdream · Post by **Alwaysdream** » Sun Mar 30, 2008 4:55 pm

carson , can you please help me

Carson · Post by **Carson** » Mon Mar 31, 2008 8:35 am

Please restate and clarify your questions. I don't have a lot of time at this time of year to try and figure what you're asking!

Alwaysdream · Post by **Alwaysdream** » Mon Mar 31, 2008 8:02 pm

I have business Number in Canada.
I earn an income in USA as contractor W2.
When I file my tax in Canada, can I report this income on my business as if I was self employed, the reason I ask, when I was self employed in Canada I pay my tax and charge GST, none is happening any more in USA.

Carson · Post by **Carson** » Tue Apr 01, 2008 12:10 pm

What's "contractor W2"? Also, do you have a corporation, or are you a proprietorship? Both can have a BN.

Did you receive a W2 for US employment income, or do you mean you worked as a contractor and received a 1099?

Please be specific.

If you received a W-2, then it's employment income on both countries' tax returns, with Canada giving you a foreign tax credit.

If you received contracting income, then it can be included on your beusiness statement, personal or corporate.

Alwaysdream · Post by **Alwaysdream** » Tue Apr 01, 2008 6:21 pm

In Canada I'm sole proprietory with BN.

I received a W-2 from US employment income as a contractor

Shall I assume that I must consider it as employment income and can't deduct any business expenses beside the foreign tax credit when file Canada Tax.

Carson · Post by **Carson** » Wed Apr 02, 2008 9:39 am

You may be able to deduct some required (i.e. T2200 from your employer) employment expenses on T777. Check the instructions.