THIS IS ALSO THE KIND OF QUESTION WE WILL BE
ANSWERING TONIGHT AT 7 PM on www.david-ingram.com when Dan Walkow from
www.seabankcapital.com is my guest
after former Premier of BC, Bill Vander Zalm talks about his new book FOR THE
PEOPLE at 6 PM.
Dan is a specialist in cross border RRSP, IRA, 401
(K) and regular stock market accounts. Bill Vander Zalm is simply the most
charming Premier, British Columbia ever had.
The phone in number is 1-866-980-0499 for all of
the US and Canada. If you are phoning from somewhere else call
604-980-0321. You have to watch with Internet Explorer, Macs and Firefox,
etc, do not work and of course, that is 6 and 7 PM Vancouver BC, Canada
Time.
---------------------------------------------
AAAA AAAAAA wrote:
Hi,
I am a resident of Canada and working in the US. Do you provide services to do Taxes?
Regards,
AAAA AAAAAA
I am a resident of Canada and working in the US. Do you provide services to do Taxes?
Regards,
AAAA AAAAAA
david ingram replies:
that is what I do.
This older question may or may not fit your situation but will give you food for thought.
Hello,
I'm a US citizen and live in Canada (permanent
resident). This past year I took a job working in Point Roberts WA.
I'm married to a Cdn citizen. If my status is married, filing separately,
do I have to include my husband's Canadian income on my US tax return? Are
there separate tax forms for US citizens living outside of the US? Should
I use my US address to file? Or (since I live in Canada) should I be using
my Canadian address?
Any information you can provide will be greatly
appreciated!
Thanks,
-------------------------------------------------------------david ingram replies:
You will file your US tax return on a US 1040 as MFS OR, if you have children, you can file as Head of Household. You do not need to include his income or take it into account in any manner. in fact, if none of it comes from the USA, you can claim him as a dependent even if he earned $1,000,000.
Then, after calculating the tax actually paid (not what was deducted), you will report the US income again on a Canadian T1 return and claim the total of tax paid + Social Security (FICA) + Medicare as a foreign tax credit on line 431 of Canadian Schedule T2209 and put the result on line 405 of Schedule 1 of your T1. If there is anything left over (there will be usually), the excess goes on line 3 of form T2036 and the result on line 49 of your Provincial form 428 (a bit different for the province of Quebec).
Use your Canadian Address, that's where you live.
This older question says the same thing but the line numbers and places have changed a little since the 2006 return. (might have even been asked by your husband).
-------------------------------
.
QUESTION:
Good day,
You have undoubtedly been asked this question on numerous occasions. My wife works in the United States, but we reside in Canada. She recently has become a permanent resident in Canada, but has yet to receive a SIN. We know she must file a tax return in Canada (under the deemed resident statute) however since she does not earn an income in Canada, and her salary is in US$ what amounts do we fill on her Canadian income return?? Can my salary (which is less than hers) somehow be applied on her return as well?? Does she as well get a 2 month extension on her US return date in order to file her Canadian return??
Thank you for your time and consideration.
Best regards,
____________________________________________________
> david ingram replies:
>
> If you are commuting to work in the USA, you must file a US tax return first and then refile the same amounts in Canada. You would convert the US earnings to Canadian dollars and put the amount on lines 104 (not 130) and 433 (schedule 1) of your Canadian T1 return. You then claim the Federal tax, State tax, FICA (social security) and Medicare paid to the US as a foreign tax credit on line 431 of your Canadian return. If there is anything left over you can apply it as a provincial foreign tax credit on line 48 of provincial form 428 after filling in form T2036. (If you are in Quebec, You would use Quebec form TP-772-V to calculate and put the credit on line 409 of your TP1.
>
> She should file US form 4868 to extend her time to file the US return which is due at midnight April 17th otherwise and, of course, her Canadian in due April 30th.
>
> You know where we are if you need help.
>
> She will get a little more by going to www.centa.com and reading the US/Canada Taxation section in the second box down on the right hand side.
----------------Good day,
You have undoubtedly been asked this question on numerous occasions. My wife works in the United States, but we reside in Canada. She recently has become a permanent resident in Canada, but has yet to receive a SIN. We know she must file a tax return in Canada (under the deemed resident statute) however since she does not earn an income in Canada, and her salary is in US$ what amounts do we fill on her Canadian income return?? Can my salary (which is less than hers) somehow be applied on her return as well?? Does she as well get a 2 month extension on her US return date in order to file her Canadian return??
Thank you for your time and consideration.
Best regards,
____________________________________________________
> david ingram replies:
>
> If you are commuting to work in the USA, you must file a US tax return first and then refile the same amounts in Canada. You would convert the US earnings to Canadian dollars and put the amount on lines 104 (not 130) and 433 (schedule 1) of your Canadian T1 return. You then claim the Federal tax, State tax, FICA (social security) and Medicare paid to the US as a foreign tax credit on line 431 of your Canadian return. If there is anything left over you can apply it as a provincial foreign tax credit on line 48 of provincial form 428 after filling in form T2036. (If you are in Quebec, You would use Quebec form TP-772-V to calculate and put the credit on line 409 of your TP1.
>
> She should file US form 4868 to extend her time to file the US return which is due at midnight April 17th otherwise and, of course, her Canadian in due April 30th.
>
> You know where we are if you need help.
>
> She will get a little more by going to www.centa.com and reading the US/Canada Taxation section in the second box down on the right hand side.
On February 11, 2008, David Ingram
wrote:
It is very unlikely that blind or unexpected email to me will be answered. I receive anywhere from 100 to 700 unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients. Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and get answered first. I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when I am out of town. e bankruptcy expert US Canada Canadian American Mexican Income Tax service and help
However, I regularly search for the words"PAYING CUSTOMER" and
always answer them first if they did not get spammed out. For the last two
weeks, I have just found out that my own email notes to myself have been spammed
out and as an example, as I wrote this on Dec 25, 2007 since June 16th, my
'spammed out' box has 47,941 unread messages, my deleted box has 16645 I have
actually looked at and deleted and I have actually answered 1234 email questions
for clients and strangers without sending a bill. I have also put aside
847 messages that I am maybe going to try and answer because they look
interesting. -e
bankruptcy expert US Canada Canadian American Mexican Income Tax
service and help
Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) expert US Canada Canadian American Mexican Income Tax service help.
$1,700 would be for two people with income from two countries
Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be from $150 to $600.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc. Note that these returns tend to be informational rather than taxable. In fact, if there are children involved, we usually get refunds of $1,000 per child per year for 3 years. We have done several catch-ups where the client has received as much as $6,000 back for an $1,800 bill and one recently with 6 children is resulting in over $12,000 refund.
David Ingram expert income tax service and immigration help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits family estate trust trusts income tax convention treaty advice on bankruptcy
It is very unlikely that blind or unexpected email to me will be answered. I receive anywhere from 100 to 700 unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients. Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and get answered first. I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when I am out of town. e bankruptcy expert US Canada Canadian American Mexican Income Tax service and help
Therefore, if an email is not answered in 24 to 48 hours,
it is likely lost in space. You can try and
resend it but if important AND YOU TRULY WANT OR NEED AN ANSWER from 'me', you
will have to phone to make an appointment. Gillian Bryan generally accepts
appointment requests for me between 10:30 AM and 4:00 PM Monday to Friday
VANCOUVER (Seattle, Portland, Los Angeles) time at (604) 980-0321.
david ingram
expert US Canada Canadian American Mexican Income Tax
service and help.
david ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
My Home office is at:
david ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
My Home office is at:
4466 Prospect Road
North Vancouver, BC, CANADA, V7N 3L7
Cell (604) 657-8451 -
(604) 980-0321 Fax (604) 980-0325
North Vancouver, BC, CANADA, V7N 3L7
Cell (604) 657-8451 -
(604) 980-0321 Fax (604) 980-0325
Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) expert US Canada Canadian American Mexican Income Tax service help.
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
for expert help, assistance, preparation,
or consultation in connection with personal or
business affairs such as at www.centa.com. If you forward this message, this disclaimer must be included."
e bankruptcy expert US
Canada Canadian American Mexican Income Tax service and
help.
David Ingram gives expert income
tax service & immigration help to non-resident Americans &
Canadians from New York to California to Mexico family,
estate, income trust trusts Cross border, dual citizen - out of
country investments are all handled with competence &
authority.
Phone
consultations are $450 for 15 minutes to 50 minutes (professional hour). Please
note that GST is added if product remains in Canada or is to be returned to
Canada or a phone consultation is in Canada. ($472.50 with GST if in
Canada)
expert US Canada Canadian American Mexican Income
Tax service and help.
This is not intended to be definitive but in
general I am quoting $900 to $3,000 for a dual country tax
return.
$900 would be one T4 slip one W2 slip one or two
interest slips and you lived in one country only (but were filing both
countries) - no self employment or rentals or capital gains - you did not move
into or out of the country in this year.
$1,200 would be the same with one rental
$1,300 would be the same with one business no
rental
$1,300 would be the minimum with a move in or out
of the country. These are complicated because of the back and forth foreign tax
credits. - The IRS says a foreign tax credit takes 1 hour and 53
minutes.
$1,600 would be the minimum with a rental or two in
the country you do not live in or a rental and a business and foreign tax
credits no move in or out
$1,700 would be for two people with income from two countries
$3,000 would be all of the above and you moved in
and out of the country.
This is just a guideline for US / Canadian
returns
We will still prepare Canadian only (lives in
Canada, no US connection period) with two or three slips and no capital
gains, etc. for $200.00 up.
With a Rental for $400, two or three rentals for
$550 to $700 (i.e. $150 per rental) First year Rental - plus
$250.
A Business for $400 - Rental and business likely
$550 to $700
And an American only (lives in the US with no
Canadian income or filing period) with about the same things in the same range
with a little bit more if there is a state return.
Moving in or out of the country or part year
earnings in the US will ALWAYS be $900 and up.
TDF 90-22.1 forms are $50 for the first and $25.00
each after that when part of a tax return.
8891 forms are generally $50.00 to $100.00
each.
18 RRSPs would be $900.00 - (maybe amalgamate a
couple)
Capital gains *sales) are likely $50.00 for
the first and $20.00 each after that.
Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be from $150 to $600.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc. Note that these returns tend to be informational rather than taxable. In fact, if there are children involved, we usually get refunds of $1,000 per child per year for 3 years. We have done several catch-ups where the client has received as much as $6,000 back for an $1,800 bill and one recently with 6 children is resulting in over $12,000 refund.
This is a guideline not etched
in stone. If you do your own TDF-90 forms, it
is to your advantage. However, if we put them in the first year, the computer
carries them forward beautifully.
This from "ask an income trusts tax service and immigration
expert" from www.centa.com or www.jurock.com or 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, 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 Houston, Denmark, Finland,
Sweden Norway Bulgaria Croatia Income Tax and Immigration Tips, Income Tax
Immigration Wizard Antarctica
Rwanda Guru Consultant Specialist Section 216(4) 216(1) NR6
NR-6 NR 6 Non-Resident Real Estate tax specialist expert
preparer expatriate anti money laundering money seasoning
FINTRAC E677 E667 105 106 TDF-90 Reporting $10,000 cross border
transactions Grand Cayman Aruba Zimbabwe South Africa Namibia help USA US Income
Tax Convention. Advice on bankruptcy e bankruptcy expert US Canada Canadian American
Mexican Income Tax service and help
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David Ingram expert income tax service and immigration help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits family estate trust trusts income tax convention treaty advice on bankruptcy
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Moncton, Truro, Atlanta, Charleston, San Francisco, Los Angeles, San Diego,
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Beijing, Shanghai, Tokyo, Manilla, Kent, Winnipeg, Saskatoon, Regina, Red Deer,
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Davidson, Craik, Edmonton, Calgary, Victoria, Vancouver, Burnaby, Surrey,
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MacLeod, Deer Lodge, Springfield, St Louis, Centralia, Bradford, Stratford on
Avon, Niagara Falls, Atlin, Fort Nelson, Fort St James, Red Deer, Drumheller,
Fortune, Red Bank, Marystown, Cape Spears, Truro, Charlottetown, Summerside,
Niagara Falls, income trust, Income Tax Treaty Convention. - e bankruptcy expert US Canada
Canadian American Mexican Income Tax service and
help.
david ingram
International non-resident cross border expert income tax service &
immigration help estate family trust assistance expert preparation &
immigration consultant, income trusts experts on rentals mutual
funds RRSP RESP IRA 401(K) & divorce preparer preparers
consultants Income Tax Convention Treaty. advice on bankruptcy expert US
Canada Canadian American Mexican Income Tax
help.
Be ALERT, the world needs more
"lerts".
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