Archives: Questions

Question

IRS Form 1099-R

Restricted content

NR6 /NR4 for rental property in Canada

Hi, I paid 25% of my gross rent for 2024 ( first year that I collected rent), I am planning to move back to Canada this year, do I still have to file NR6, and I need to wait until NR6 form approved before I can file NR4 right? thanks Joey

Cost of reporting FHSA in the US

Hey there, I have GIC in the FHSA account that hasn’t matured yet. To close the account, I’ll lose all interests earned (~500 CAD) as well as penalties. I want to get an idea of the cost of reporting FHSA in the US to decide the best option. Also, I might come back to Canada … Continue reading Cost of reporting FHSA in the US

What is the deal here???

I just recently returned from a trip to Mexico, I won’t say where. It’s a place with many American and Canadian expats and retirees. I was told by a Canadian woman who had just bought a property there that none of her Canadian friends living there had paid any departure tax and people were keeping … Continue reading What is the deal here???

Dual Citizen Tax Questions

Restricted content

Reporting taxes paid for previous year

Restricted content

work as an intern in the uS

Hi I am a Canadian residence and worked as an intern in the US Summer 2024 for about 3 months. 1. Do I have to file income tax in US? I did pay some taxes in US 2. Do I have to file income tax in Canada earning foreign income and pay taxes again? Thanks … Continue reading work as an intern in the uS

Business Tax & Accounting Questions

Restricted content

Part 2 – Tax implications of moving RRSP to Australia

Restricted content

Part 2 – Tax implications of moving RRSP to Australia

Restricted content

My tax software shows two tax balances owing – Federal and Provincial. I assume I add these together for putting in line (9990)?

My tax software shows two tax balances owing – Federal and Provincial. I assume I add these together for putting in line (9990)?

Signing a lease as a non-resident

If I am renting an apartment for my son who is 20 and continue to sign the lease renewal for him as a non-resident of Canada, will this be a problem? Thank you.

Empoyee loan

How does the loan given to an employee of a corporation works weather this employee who’s in payroll list being a family member with non-voting shares? The loan is being used for investment. How can you help me as a bookkeeper of the corporation to setup this?

Tax implications of moving RRSP to Australia

Restricted content

Departure tax in Canada

If I own real estate in Spain, will I pay departure tax on it?

Pin It on Pinterest