QUESTION:
I moved to the US to work under a visa (working at getting green card). Currently my visa is a TN, my company will apply for E1 or 3 in April 2008. How do I best handle taxes in Canada for the salary I earn in the US? I may return to Canada in 10 or 20 years, but don't want to pay Canadian taxes on top of the US taxes!
------------------------------------------------------------------------------
david ingram replies:
If you have moved to the USA and not left a husband and three kids behind that you visit every weekend, you are only taxable in the USA.
You must file a departing Canada return and show the date that you left Canada on the front of the return. You then prorate your exemption amounts on schedule 1 and schedule 428 based upon the number of days you were in Canada.
If you left any assets of value behind like a summer cabin or mutual funds, you have to be prepared to fill in forms 1161, 1243 AND 1244. FILING A LATE 1161 INCURRS A PENALTY OF $25.00 A DAY TO A MAXIMUM OF $2,500.
THESE OLDER QUESTIONS WILL HELP AS WELL. If you need help, you know where we are.
Hello,__________________________________________
Thank you in advance for your help
My situation is:
I am in USA under TN-Visa. I worked 255 days in USA in 2006 and I already filled
the 1040 and 1040NR as dual-status, based on the number of days in USA.
My question is:
Should I declare what I earned in USA to Canada revenue?
How can I avoid double taxation?
Do you do Canadian taxes?
Can I know the fees?
Regards
QUESTION: Hi David,_______________________________________________________________
I am Canadian citizen, worked in Canada for the first 5 months of 2006. then moved
to US and worked then for the rest of 2006. I have income from Canada employer,
canadian bank and US employer. I filed tax return on my US income to IRS already.
I haven't done canadian tax return yet. I had thought I only need to file canadian
tax return on my canadian income. But it seems both CRA and IRS requested to report
my world income to both. I am confused. What should I do to file the tax return to both?
More specially, I received NR4 slip from CIBC bank. I could not find where to enter
this form when I used Ufile.ca.
How can I enter US W2 form into any Canadian tax form?
How can I enter T4 slip into US tax return form?
thanks a lot!
QUESTION: Hi David,____________________________________________________
I really need your help in filling U.S tax and I am getting mixed messages which forms to
file.
I am a Canadian Citizen in U.S on TN visa for more than a year.
I have RRSP in canada over 10,000 put in fixed bond and saving account in a bank.
What do I need to file here and what forms do I need to fill.
Do I still have to file tax in Canada for canadian earning? Please help.
Comments (0)
CEN-TA Cross Border Services - Tax, Visas, Immigration
http://www.centa.com/article.php/2007110501251720