tax exemption

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.

Moderator: Mark T Serbinski CA CPA

Post Reply
brianbbc
Posts: 113
Joined: Fri Apr 25, 2014 9:17 pm

tax exemption

Post by brianbbc »

As Canadian citizens leaving USA, working TN on visa for years, taking up residency in Canada again. Going to wait the following tax year after I established Canadian residency, then sell my mutual funds and stocks and claim the tax exemption to avoid paying taxes to the IRS. We both have SSN, do we need ITIN also ?
Top
nelsona
Posts: 18697
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: tax exemption

Post by nelsona »

Once you have SSN, you are no longer eligible for IZTIN, and don't need it. Your SSN is your ID for life.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Top
Post Reply

Return to “Canada / United States Tax & Accounting”