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Departure tax from Canada

QUESTION:

Hello,

I emigrated from Canada to the U.S. in October. I earned approximately
$25,000 in Canada prior to moving and have $20,000 in outstanding Life Long
Learning withdrawals. Based on the income tax I paid on my income, I would
expect a sizeable refund absent the $20,000 being deemed to my income.
However, if it is deemed I obviously can expect to pay a substantial amount
in income tax.

I am wondering whether it is possible and even advisable to not claim
non-residency until 2006 and to therefore defer the addition to my income of
the $20,000. In the meantime, for 2005, I would of course add the U.S.
income I earned in 2005 since October to my Canadian income in calculating
Canadian taxes.

Thank you for your advice.
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Using RRSP for Real Estate Investment

QUESTION:

I would like to use my RRSP's for the 25% down-payment on a revenue
property. Do you know of any way in which this can be accomplished?
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More US FICA Social Security - Windfall Elimination Act & Foreign Work Test Social Security

Windfall Elimination Act -

There are some caveats however. It deals with a US clawback provision.
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US FICA - social security tax

QUESTION:

My wife and I are Canadians living in the US since 1994, as physicians,
first on J-1 and H-1B visas, now both on O-1 visas. We have filed US taxes
every year since. Did we have to pay social security taxes? If we move back
to Canada can we recoup any of it?
Thanks
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who do we pay taxes to? US, CAN, or both?

QUESTION:

My wife is a Canadian living in Canada, I am American living 6-7 months in Canada.
I own a US sub s corp with an office in the States. We also own a house
together in Canada and the US.

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Sheltering Capital Gains from Greece

QUESTION:

I will soon receive $80,000 USD for a piece of inherited property in Greece
that I've sold to a family member living in Greece. What are the tax
consequences to me, a US citizen living in Arizona? Is there any way to
minimize taxes by having the proceeds sent as gifts to me, my spouse and
son? What about overseas accounts?

If I wanted to use the entire proceeds to invest in a condo in Vancouver, is
there any means to accomplishing an exchange?

Thanks for your advice!
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Residing in U.S.; working in Canada

QUESTION:

Working in Canada from 6:00 A.M. until 6:00 P.M. The evening spent in the
United States. Does from 6:00 P.M. until 6:00 A.M. constitute a 24 hr.
period or is there any way around this?
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E2 visas - Dennis Olsen 425-265-0024

Hello Sir,

I was checking a Florida's business broker's web site, which says that a $ 25000.00 US can get you an E2 visa. Web site also explains if a person is already in the U.S, he/she can purchase the business and apply for an E2 visa right there.

My question to you, is $ 25000 US is really enough amount to be considered for an E2 ? and how a Canadian citizen already in the U.S can buy a business, as Canadian citizens don't need a visa to go to the States. I think it is easier to buy a business in states when you are there instead of applying here at the consul in Toronto where you have less chance of getting an E2 visa. Hope I made my self clear. Please answer
Thanks
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Non resident sponsoring wife to Canada

QUESTION:

Hi
I am a Canadian Citizen working in USA on an H1 visa.
Can I sponsor my wife (Indian) to Canada.
At this time, I do not have any attention to move back to Canada.
Thanks
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Changing title of a rental house to include my wife

QUESTION:

I have a house in North Van that I have owned, in my name only, for around
24 years. Its purchase pre-dated my marriage, and it has been a rental for
most of that time. But my wife and I now intend to return and live in the
house. My understanding is that tax on any gain during the rental can be
defered until I eventually sell. However, my wife and I would like to put
the house in both our names. Would this be a deemed disposition, and would
we have to pay the tax immediately? Is there any way around this? If we set
up a post-nuptual agreement to 'share' the house, would the Canadian tax
authorities consider this also a deemed disposition, with the same result?

Since we are both US citizens, how would the IRS react to our puting the
house in two names?