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Moving from Singapore back to Toronto - repatriation -Niagara Falls Buffalo New York


Answers to this and other similar questions can be obtained free on Air every Sunday morning.

Starting this Sunday at 9:00 AM on 600AM in Vancouver, Fred Snyder of Cartier Partners and I will be hosting an INFOMERCIAL but LIVE talk show called "ITS YOUR MONEY"

Those outside of the Lower Mainland will be able to listen on the internet at

www.600AM.com

I have been looking at your website and wonder if you can be of help:

My situation is as follows:
* I am a Canadian non-resident living in Singapore, moving to Toronto on
March 01, with my spouse. We intend to buy a house and start a family there.
( I have been advised already about repatriation tax issues)
* I will be employed by a US based company, which has no Canadian presence.
I will spend most of my time in the US, the rest working from a home office
in Toronto. For Yr 2004 I will spend approximately 183 days in the US, but
this can be managed depending on the best tax situation that arises.
* The advice I need will be: is there a tax advantageous way to be employed
due to this unique set-up? Is there a better place to be paid? (in the US,
or Canada) I am assuming a TN1 visa is the correct visa.

Can your firm advise on such issues.
Thanks
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Canadian wants to transfer rental house into an RSP- Making Your Canadian Mortgage deductible.

My question is: Canadian-specific

QUESTION: Hi David

Really enjoy reading your comments. My question is: - I own a rental house (Fraser Valley) that has gone up by 200% in value in the last few years - is there any option to transfer the asset into an RRSP? - If there is would you suggest it? If down the road - I choose to sell, is there any way to keep the amount paid in capital gain taxes to the very minimum?

The other option I am looking at is getting another rental property or two - at what point would you go from a sole propriatorship to a formal company? Thank You

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8891 - TD F 90-22.1 - Reporting Canadian RRSP to IRS and Dept of the Treasury

QUESTION:

I contributed to a RRSP up to 1992 and then moved to the US and did not make
any contributions after that. Since '92, I have lived in the US, filing US
taxes. I have not withdrawn any funds from the RRSP. The value of the RRSP
has declined since '92. I did not know about 3520, 3520-A or the new 8891
form until today and was wondering how I can file/submit forms to rectify
this problem?
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Immigration Assistance UK to Canada - mortgage interest as a deduction

Dear Mr. Ingram,
I found your site on the Internet, and it appears that you may have all of
the know-how to assist me.
I am a Canadian, married for 12 years to an English woman, with whom I have
4 children, all born in the UK.
We would like to return to B.C., but I have a few questions:
1) Will my wife be granted immigrant status easily enough as she is married
to me?
2) I am looking to buy a house priced around $250,000, with a 30% deposit. I
am unsure as to whether I will get a mortgage there. In the UK we have a "no
doc" mortgage, basically meaning that as long as you put enough of a deposit
down, mortgages aren't a problem. I am willing to make a larger deposit.
3) I am unaware of the "hidden" costs of buying a property over there, i.e.
property taxes,rates,etc.
I realise that this may not be totally within your field, but I have not
been able to find any one else who seems to have such a wide range of
expertise.
If you could answer my questions, or refer me to someone who can, I would be
very grateful. If you dont have time, then thankyou very much for taking the
time to read this email.
Regards,
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Sale of Arizona Property; Can proceeds be protected from Canadian Capital Gains Tax if re-invested into real estate again?

QUESTION:

Dear David Ingram: Thank you for your E-mail of October 8 concerning Ontario
resident sold Lake Havasu Arizonia Property.

Clearly I need help in filling out and filing the proper forms and am glad
to know you offer this service. I am still wondering though, if there is
some way to save or defer some of this Capital Gains Tax if not all of it.

I have been reading Robert Kiyosaki's book Rich Dad, Poor Dad. It states
that the Tax Code of the U.S.A. allows ways to save on taxes by using a
Section 1031 of the International Revenue Code, which allows the seller to
delay paying taxes on a piece of real estate that is sold for a capital gain
through an exchange for a more expensive piece of real estate. As long as
you keep trading up in value you will not be taxed on the gains until you
liquidate.

I am sole owner of this property, have no income this year due to illness,
which is why I sold it in the first place. The escrow has closed and
proceed funds are being sent to me by UPS here in Canada. Is there any
provision available here in Canada, similar to the U.S. provision?

Looking forward to your input on this. Sincerely
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Company Transfer from. US to Canada 401 K to RRSP

QUESTION:

Hi David, My company is transferring me from Seattle to their office in
Vancouver BC, where I would like to become a Permanent Resident. I asked
them if I could move/ transfer/ convert/ rollover my 401k fund to the
Canadian equivalent (RRSP?), but no one at my company or at the company's
retirement plan providers (US or Canadian) could give me an answer. It's a
concern to me because my spouse would be recognized as such under the
Canadian system, but not under the US system. Can you help? Thanks!
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US Citizen who wants to move and work in Vancouver British Columbia - Immigrating to Canada - Marriage sponsorship - working Can

QUESTION:

What must a US citizen do to be able to move to Canada and work there?
British Columbia to be exact.
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US Citizen Wants to move to West Vancouver, Canada

the question follows.
David,
Christine Louw referred me to you for expert advise.

My boy friend and I are considering moving to
Vancouver from California. We are US citizens.

Here are a few questions we have to start with: Do we
need special visas or permanent residency in order to
live, work and/or buy property in Canada? What are the
tax consequences? We are writers and will be getting
paid by US publishers. We also have investment and
retirement, social security income from US sources.
Will we be able to qualify for public benefits like
medical care?

Thank you,
Emily

Note: Christine Louw is a realtor working in North and West Vancouver and
the West End of Vancouver in British Columbia. You can find out more about
her at: <http://www.christinelouw.com/>;
_
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Minnesota car purchase - Oregon as well

QUESTION:

as a resident of Ontario, Canada could I apply to get the Minnesota tax back
on purchasing a car?

We get taxed enough to bring the car across the border!
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Mexico - Canada Taxes on alimony (support) from Mexican resident to Canadian resident

-----Hi there,

I was wondering if perhaps you might be able to help me on a question I am
having about taxes on alimony received from a Mexican resident?

CCRA has told me several different answers and I can't quite determine if my
mom's alimony (just for her...not child support) falls into Article 18 of
the Canada-Mexico Tax Treaty of 1991.

From what I can tell, any money she receives as alimony from her ex-husband
who is a Mexican resident is tax free?

Any help or insight you might have would be absolutely great!

Thanks for your time,