QUESTION: Hi David.
I am a canadian citizen and moved to USA on TN1 visa in March 2005. I worked
in Canada from January till March and worked in the US for the rest of the
year I have the a question regarding the tax payment:
Do I have to pay the canadian Taxes from January to March in Canada and from
April to December in USA or do i have pay the canadian tax from January to
December in Canada and April to December in USA. My family also moved with
me and i don't have any house in Canada.
Thanks
===================================
david ingram replies:
If prepared properly, you will pay tax to Canada as a departing Canadian
from Jan to March.
You will then file a 1040 Joint return in the US and report the Canadian
income as well so that you can file a joint return and claim the standard
deduction. It is almost always lower tax than if you file as a dual status
person arriving in the US during the year.
If you left a RRSP behind, be sure that you fill out US forms 8891 and T DF
90-22.1
The penalties for failing to file these is up to $500,000 plus 5 years in
jail.
We, of course would be happy to look after them all for you.
--------------
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And, of course, we are always here to prepare your US / Canadian and State
returns by emailed pdf files, snail mail, fax or courier.
-------------
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