dual-country taxation - when to move? international non-resident cross border income tax help assistance expert preparation &am

> Sent: Monday, November 13, 2006 10:18 PM
> To: taxman at centa.com
> Subject: dual-country taxation - when to move?
> I hope you can help with this basic question about tax implications. I'm 
> a Canadian citizen. I've lived in the US for the last 11 years (on a TN 
> Visa since Jan 2001). I'm currently a resident for US taxes; I'm 
> currently a non-resident in Canada with no substantial ties.
> I'm about to accept a new job in Canada, which means I'll be moving back 
> to Canada and giving up my TN visa. The start date will be in Jan 2007. 
> My end date for my current position hasn't been set yet. Does it make 
> any difference tax-wise whether I quit my US job in Dec 2006 or Jan 
> 2007? I will have Canadian-source income as of late January. The 
> US-source income could be adjusted... either late Dec 2006 or early Jan 
> 2007. Does it make a difference for my taxes in Canada?
> Thank you for your informative mailing list!
> -------------------------------------------
> david ingram replies:
> It would be wonderful if you could get them to delay your December pay and
> pay it to you in January and move back to Canada on Jan 10th or so.  You
> would reduce your 2006 tax and That way you would get the December and
> January pay tax free or almost tax free in Alaska because your personal
> exemption would wipe out most of it and the rest would only be 15% tax,
> You would then start fresh in Canada with only a 10 day loss of Canadian
> Exemption amounts and would only be paying tax to Canada on your Canadian
> earnings.
> -------------------------------
> David Ingram's US / Canada Services
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