US citizen working in Canada

trwalsh · Post by **trwalsh** » Sat Apr 02, 2016 3:15 pm

Hello,

I am a US citizen who is working in Quebec since June 1, 2015 under a work permit. I have income from one employer in Canada since that date, as well as multiple sources of income in the US from before I moved (including wages and sold investments).

I understand that I must declare all worldwide income to the IRA on the 1040, but I'm not so clear on what I need to report to the CRA. Must I report my US income from before I become a Canadian resident? What about stocks I bought and sold all before arriving in Canada?

Similarly - do I apply for foreign tax credits on both my US and Canadian returns, or only one? Is there an order in which they must be filed?

Many thanks for any help you might be able to offer!

trwalsh · Post by **trwalsh** » Sat Apr 02, 2016 3:16 pm

*to the IRS. Sorry for the typo!

nelsona · Post by **nelsona** » Sun Apr 03, 2016 9:42 am

You are considered a newcomer to Canada. There is a newcomer guide from CRA which explains the process.