nub4life posting moved here

[nelsona]

Hello,

I got a full-time job in NYC and will be moving there from Toronto in June. The company I will be working for will be taking care of the TN Visa for me. I gather (from what I've read here), they will probably fill out forms for me, but I still need to apply at the border.

Anyways, I have a couple of questions regarding money, taxes, non-residency.

I understand that I do not need to move all my money to the USA, but I need to let my bank know so that they don't send me a T5 at the end of the year? And is this the case only if I declare myself a non-resident of Canada?

Do I need to fill out a form to declare non-resident? And is there a period of time before I can declare non-resident?

How does the income tax work? Obviously I will need to pay US income tax, but I read that I'd also have to pay a little bit of Cdn income tax as well? Or is this conditional based on my non-resident declaration?

Any help would be appreciated. I'm feeling a little bit overwhelmed; this new company is providing less help than I initially thought they would.

[nelsona]

You should notify anyone who might pay you money that you will be Cdn non-resident and US resident; that will ensure you are correctly withheld.

If you live and work in US, you are a US tax resident.

You declare your Cdn non-residency by filing a regular return at the end of the year you move, putting your departure date on the return page 1, and following the guidelines in the "Emigrants guide" from CRA.

[nub4life]

[quote="nelsona"]You should notify anyone who might pay you money that you will be Cdn non-resident and US resident; that will ensure you are correctly withheld.

If you live and work in US, you are a US tax resident.

You declare your Cdn non-residency by filing a regular return at the end of the year you move, putting your departure date on the return page 1, and following the guidelines in the "Emigrants guide" from CRA.[/quote]

Thanks, and sorry for posting in the wrong forum.

And is working freelance prohibited on a TN Visa? How about if I get paid in Cdn $ and deposit it into my Cdn bank account?

[nelsona]

Working without a TN for every client is prohibited, but you are allowed to get multiple TNs, with each one requiring to meet TN ctriteria.

The manner in which you are paid or where the money is sent changes nothing.

[nub4life]

What if the client is in Canada?

[nelsona]

Cdn clients are problematic, especially if they also have a US presence, of if your presence in US is an advantage to you or them in the course of your work.

Otherwise, you can work for Cdn clients without US authorization, but you would want to run that by a lawyer.