All Questions
65
questions
0
votes
1
answer
166
views
Cross border gifting (US and Canada)
I wanted to know what's the tax implication if I am a US citizen gifting money to someone in Canada who is neither a Canadian nor a US citizen. Does the gift tax applies?
Share your resources please.
...
- 1
1
vote
0
answers
150
views
What to know when buying a used car from Canada?
I'm in the market for a used pickup and I found one with the options I like, but it's in Canada (I'm in the USA). I'm mostly concerned about crossing the border on the way back - it's just a bill of ...
- 11
1
vote
0
answers
112
views
Is it smart to keep my TFSA when moving on a J1 visa to the US?
I am an Austrian citizen, who just finished his PhD in Canada (on a study permit) and will now move to the US on a J1 Visa as a researcher.
I have some investments in my Canadian TFSA and was ...
- 11
3
votes
1
answer
64
views
Taxes on certain retirement income in Canada for a US citizen / resident of Canada
I receive US military retirement, and Veterans Administration Disability and Social Security. What is taxed in Canada? Is anything exempt such as the Veterans Disability?
- 31
1
vote
1
answer
256
views
Taxes for U.S. citizen doing remote freelance work for Canadian
I am a U.S. citizen with residency in Florida and am setting up a freelance contract as a sole proprietor with a Canadian government agency. The work will be done remotely from my home in Florida. In ...
- 111
41
votes
1
answer
7k
views
Canadian citizen, TN worker, commute daily from Canada: am I a US person for tax purposes?
I only have citizenship of Canada.
I work for a US company on TN Status.
I commute daily from home in Canada to office in US and back.
I do not reside in the US.
I get a W2 and file taxes with the IRS ...
5
votes
0
answers
103
views
What taxes does an Eritrean-American-Canadian citizen Canadian resident pay first?
I am a Canadian born to an American-born Canadian father and an Eritrean mother. We live in Canada, where I was born. I am a citizen of all three countries mentioned.
Because of insane laws, I am ...
2
votes
1
answer
91
views
Checking one's status with the IRS
I'm not American. I was a resident alien and worked legally for 9 weeks in the US a few years ago. I received a US SSN. The job turned bad and I went back to Canada.
I never filled a US tax form, but ...
- 263
2
votes
0
answers
58
views
European consultant: living and working in the USA, employed in Canada
I am from Europe and a consultant employed by a Canadian University, but I live in the USA (I moved to the USA as my husband received a J1 visa). So now I am trying to figure out where to pay taxed? ...
- 21
4
votes
1
answer
302
views
I am a Canadian, living in Canada, doing an internship remotely for a U.S. company. Do I pay U.S. taxes?
Main question in the title.
I already received a "bonus" (was supposed to be a relocation stipend before the internship got moved to virtual). For that check, the following taxes were ...
- 141
1
vote
0
answers
34
views
How to determine which Canadian investments are tax-efficient for US taxpayers in Canada?
How can a Canadian, who is also a US Citizen, determine which Canadian investments (stocks, bonds, mutual funds, ETFs, REITs, etc.) are tax-efficient (especially considering PFIC rules) for a) a post-...
- 439
3
votes
0
answers
603
views
How are US Health Saving Account (HSA) taxed in Canada for a Canadian citizen, not a US citizen?
The HSA in question is founded while legally working in the US and being a US tax resident. However, I'm thinking of coming back to Canada.
Are they just considered as a normal account? Therefore, ...
0
votes
2
answers
1k
views
Does Meghan Markle need to pay taxes for her stay at a billionaires house?
According to reports, Meghan Markle is receiving free accommodations at the home of a Canadian businessman.
Assuming this is true, and given Meghan is a US citizen, and considering the fair market ...
- 1,290
2
votes
0
answers
104
views
(Hypothetical) Write off Loss of Cash due to bankruptcy of financial institution
In both Canada and the United States, how do we write off the loss due to bankruptcy of the financial institution in excess of deposit insurance on the tax return for the tax year when the bankruptcy ...
- 417
3
votes
2
answers
330
views
Is my sister entitled to a refund for IRS over-withholding? If so, how does she get the refund?
My sister has a taxable brokerage account with Interactive Brokers and invested in GE stocks (which collapsed, resulting in a massive capital loss written off on Line 132 of Schedule 3 on her T1 ...
- 417