This is a multi-part message in MIME format.
---------------------- multipart/alternative attachment
QUESTION:
Hi. I am an American working in Canada on a Work Permit
requested for me as a transfer by my employer. I arrived on
1-April-2003 and the permit allows me to stay for 3 years. I
intend to apply for Resident status this year. Question - Can I
contribute to an RRSP account and receive the appropriate income
tax deduction for Fiscal Year 2003. I understand that the
allowable amount is calculated on 2002 Canadian Income and does
not consider US income, even though I am employed by the same
company as last year.
Thanks, TXXXXXX
=========================================\r
david ingram replies:
You are not yet eligible for an RRSP in Canada because no "room"
has been calculated.
For 2003 your US return should have a form 2350 filed to allow
you to be here for a full calendar year in order to exempt your
Canadian Income on your US tax return on form 2555.
The form would extend the filing date for your 2003 US 1040 until
Jan 31, 2005 to allow you the full calendar year. Whatever you
do, do NOT use the 330 day rule on form 2555.
If you need help with the dual status you find yourself in, we
would be glad to look after it for you by email, snailmail, fax
or courier.
David Ingram's US/Canada Services
US / Canada / Mexico tax, Immigration and working Visa
Specialists
US / Canada Real Estate Specialists
4466 Prospect Road
North Vancouver, BC, CANADA, V7N 3L7
Res (604) 980-3578 Cell (604) 657-8451
(604) 980-0321
New email to [email protected] <mailto:[email protected]>
www.centa.com <http://www.centa.com/> www.david-ingram.com
<http://www.david-ingram.com/>
Disclaimer: This question has been answered without detailed
information or consultation and is to be regarded only as general
comment. Nothing in this message is or should be construed as
advice in any particular circumstances. No contract exists
between the reader and the author and any and all non-contractual
duties are expressly denied. All readers should obtain formal
advice from a competent and appropriately qualified legal
practitioner or tax specialist in connection with personal or
business affairs such as at www.centa.com <http://www.centa.com>
. If you forward this message, this disclaimer must be included."
Be ALERT, the world needs more "lerts"
This from "ask an income tax and immigration expert" from
www.centa.com <http://www.centa.com/> or www.jurock.com
<http://www.jurock.com/> or www.featureweb.com
<http://www.featureweb.com/> . David Ingram deals on a daily
basis with expatriate tax returns with:
multi jurisdictional cross and trans border expatriate problems
for the United States, Canada, Mexico, Great Britain, the United
Kingdom, Kuwait, Dubai, Saudi Arabia, Thailand, Indonesia, Japan,
China, New Zealand, France, Germany, Spain, Italy, Russia,
Georgia, Brazil, Peru, Ecuador, Bolivia, Scotland, Ireland,
Hawaii, Florida, Montana, Morocco, Israel, Iraq, Iran, India,
Pakistan, Afghanistan, Mali, Bangkok, Greenland, Iceland, Cuba,
Bahamas, Bermuda, Barbados, St Vincent, Grenada,, Virgin Islands,
US, UK, GB, and any of the 43 states with state tax returns, etc.
Rockwall, Dallas, San Antonio and Houston Texas
Income Tax and Immigration Tips, Income Tax and Immigration
Wizard Income Tax and Immigration Guru Income Tax and Immigration
Consultant Income Tax and Immigration Specialist Section 216(4)
216(1) NR6 NR-6 NR 6 Non-Resident Real Estate tax specialist
expert preparer consultant expatriate
Alaska, Alabama, Arkansas, Arizona,
California, Colorado, Connecticut,
Delaware, District of Columbia, Florida,
Garland, Georgia, Hawaii, Idaho, Illinois,
Indiana, Iowa, Kansas, Kentucky,
Louisiana, Maine, Maryland,
Massachusetts, Michigan, Minnesota,
Mississippi, Missouri, Montana, Nebraska,
Nevada, New Hampshire, New Jersey,
New Mexico, New York, North Carolina,
North Dakota, Ohio, Oklahoma, Oregon.
Pennsylvania, Rhode Island, Rockwall,
South Carolina, South Dakota, Tennessee,
Texas, Utah, Vermont, Virginia,
West Virginia, Wisconsin, Wyoming,
British Columbia, Alberta, Saskatchewan,
Manitoba, Ontario, Quebec City,
New Brunswick, Prince Edward Island,
Nova Scotia, Newfoundland, Yukon and
Northwest and Nunavit Territories,
Mount Vernon, Eumenclaw, Coos Bay
and Dallas Houston Rockwall Garland
Texas Taxman and Tax Guru and wizzard
wizard - consultant - expert - advisor -advisors consultants -
gurus - Paris Prague Moscow Berlin
Lima Rio de Janeiro, Santaigo
---------------------- multipart/alternative attachment
An HTML attachment was scrubbed...
URL: http://www.centa.com/CEN-TAPEDE/centapede/attachments/91f7c720/attachment.htm
---------------------- multipart/alternative attachment--
What's Related