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Reporting Non-US income on US tax returns

You are a US tax resident for part of the year (January to October) because you met the substantial presence test and because you permanently left the US to another country (Canada). Therefore, you will be liable for US income taxes on your worldwide income for the period January to October. You will have to … Continue reading Reporting Non-US income on US tax returns

urgent please

Do not file a Canadian tax return if you were in Canada temporarily and did not earn any income from Canadian sources.

Can I Claim or adjust my tax return for Medical expenses 5 years ago?

Yes, you can adjust your tax return up to 10 tax years ago.

Do I need a Canadian employment agency ..

The US employment agency can pay your Canadian corporation directly. Remember that you must be an ‘independent contractor’ for this arrangement to work.

HST REBATE

Yes, you can claim an input tax credit for the GST/HST paid the purchase of a vehicle that is used for business purposes. The maximum cost amount for a vehicle on which you can claim an ITC is $30,000.

US Resident Buying Investment Property In Canada

The easiest way is for you to purchase the property in your individual name. You will file a Section 216 Non Resident Rental Return each year with the CRA and pay Canadian income tax on your rental profits. The monthly withholding tax of 25% that you have to remit is credited to you when you … Continue reading US Resident Buying Investment Property In Canada

i am a us citizen married a canadian citizen in december

Yes, you should file as Married Filing Separately and only report your income to the IRS. Likewise, your husband will file a Canadian tax return and only report his income to the CRA.

Yes, you should file as Married Filing Separately and only report your income to the IRS. Likewise, your husband will file a Canadian tax return and only report his income to the CRA.

Am I taxable resident of Canada?

Your husband will become a resident of Canada when he permanently joins you in Canada. His 2 week vacation to Canada will not impact his status.

Tax situation

Yes, you likely became a non-resident of Canada when you permanently left to the US. As a non-resident, you do not have to report income earned in the US on your Canadian tax return. You should file a departure tax return with the CRA for the 2015 tax year.

Should I report a US tax return?

Yes, you should file a US return. You may get a refund.

Donation slips from Depandent?

No, you cannot claim a tax credit for donations made by your parents.

How long do we have to be together until we are Common Law?

Hello. According the CRA, your marital status in “common law” if you have lived together in a conjugal relationship for 12 continuous months. This is what you should indicate on your tax return. On both of your tax returns, you will be asked when your marital status changed. This financial post article indicates what is … Continue reading How long do we have to be together until we are Common Law?

Tax situation

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Tax situation

Tax issues.. i hate alot :/

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