I started working in Seattle in Sept 2017 and have maintained residential ties with Canada. My company assisted with my taxes last year by providing an accounting firm that did my filings in both countries. In the US I filed as a non-resident alien. I have a TFSA and an RESP, which I realize now it would be good to close (doh!). Anyways, the accounting firm did not do a form 3520 or 3520-A last year. Was this correct because I was a non-resident alien?
I am considered a resident alien this year for tax purposes, so it's clear to me that they must be filed this year.
Should my accounting firm have filed a 3520/3520-A last year?
Moderator: Mark T Serbinski CA CPA
-
- Posts: 3
- Joined: Sat Feb 02, 2019 4:05 pm
-
- Posts: 3
- Joined: Sat Feb 02, 2019 4:05 pm
Re: Should my accounting firm have filed a 3520/3520-A last year?
For additional info (if it matters), the TFSA was not contributed to in 2018 at all and has a balance of $2.25. Yes, $2.
Re: Should my accounting firm have filed a 3520/3520-A last year?
If you were filing as a non-resident, a 1040NR, then none of these extra filings are required, and you were not restricted when it comes to TFSA, etc. You only reported US income (wages) to US, and nothing else, and you report everything to CRA.
Now, in 2018 you say you are resident (what changed?), you are fully subject to US rules.
Now, in 2018 you say you are resident (what changed?), you are fully subject to US rules.
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
-
- Posts: 3
- Joined: Sat Feb 02, 2019 4:05 pm
Re: Should my accounting firm have filed a 3520/3520-A last year?
Okay, thanks it looks like I am good there. As for filing as a resident this year, I now have met the requirements for "substantial presence" as I've been in Seattle for more than 183 days in 2018.