hello,
I moved to the USA in the middle of April last year for work. I do not have a home, or spouse in Canada. Would i be considered a non resident for tax purpose ?
I filed as non resident this year. I missed the departure tax forms. I am working on them now to get them in ASAP. Turbo tax did not support those forms.
I was wondering if i am allowed to keep my TFSA, and non registered account open. Would this affect my residency status ?
Does CRA audit all departure taxes, the tax situation is quite stressful. I have hired a CPA to assist me in this endeavor.
Residency determination
Moderator: Mark T Serbinski CA CPA
-
tinmark50@gmail.com
- Posts: 4
- Joined: Sun Jul 13, 2025 3:51 pm
Re: Residency determination
tinmark50@gmail.com wrote:
> hello,
>
> I moved to the USA in the middle of April 2025 for work. I do not have
> a home, or spouse in Canada. Would i be considered a non resident for tax
> purpose in Canada ?
>
> I filed as non resident this year. I missed the departure tax forms. I am
> working on them now to get them in ASAP. Turbo tax did not support those
> forms.
>
> I was wondering if i am allowed to keep my TFSA, and non registered account
> open. Would this affect my residency status ?
>
> Does CRA audit all departure taxes, the tax situation is quite stressful. I
> have hired a CPA to assist me in this endeavor.
Are there a lot of questions from them typically on departure date to calculate the deemed disposition ?
> hello,
>
> I moved to the USA in the middle of April 2025 for work. I do not have
> a home, or spouse in Canada. Would i be considered a non resident for tax
> purpose in Canada ?
>
> I filed as non resident this year. I missed the departure tax forms. I am
> working on them now to get them in ASAP. Turbo tax did not support those
> forms.
>
> I was wondering if i am allowed to keep my TFSA, and non registered account
> open. Would this affect my residency status ?
>
> Does CRA audit all departure taxes, the tax situation is quite stressful. I
> have hired a CPA to assist me in this endeavor.
Are there a lot of questions from them typically on departure date to calculate the deemed disposition ?
Re: Residency determination
For 2025, you were supposed to file as an EMIGRANT, which means a return as a resident of your last province of residence, but with a departure date in April. This affects some of your deductions. Filing as a non-resident results in an incorrect tax calculation, and bypasses the departure requirements.
That may be why you could not access the departure forms, but it is possible that they are not included. Most filing an emigrant return must file a paper return.
From April on you are a non-resident of Canada, You CAN keep your TFSA (but it is taxable in US), but your investment accounts should be closed. You can transfer most stocks, some ETFs to a US brokerage, but you would need to sell any mutual funds.
Holding these accounts however, does not impact your residency.
That may be why you could not access the departure forms, but it is possible that they are not included. Most filing an emigrant return must file a paper return.
From April on you are a non-resident of Canada, You CAN keep your TFSA (but it is taxable in US), but your investment accounts should be closed. You can transfer most stocks, some ETFs to a US brokerage, but you would need to sell any mutual funds.
Holding these accounts however, does not impact your residency.
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