US charity Tax Receipts - Expert Income Tax help on cross Border tax and immigration and divorce and RRSP and IRA and other matt
My_question_is: Canadian-specific question: I am a humanitarian photographer and want to raise funds for a US partner. Am I allowed to do this, and can tax receipts from a US registered Charity be used by Canadians? ---------------------------------------------------------------------------
You can donate anything you photographed in Canada to the organization and they may reproduce and sell or use it to raise money in the same way that Robert Bateman reproductions are used to raise money for many charities.
However, you may not do this if the work was originally photographed by you in the US if you did it for the US charity.
Canadians can use the US charity receipt IF they have US income of some sort that is reported on their Canadian return.
So, if someone was receiving a US pension or had worked in the US or had interest from a US account, the Canadian could deduct the US charity receipt up to 75% of the US income.
My question is: Applicable to both US and Canada
QUESTION: Is an american charity tax receipt valid to claim on a canadian tax form? I am giving to a us charity and they are going to issue a tax receipt from the american charity.Can I use this for my charity donation?
Thank you
_________________________________________
david ingram replies:
The original answer disappeared from this email.
You can write off a donation to your old 'Alma Mater; whether in Germany, France, Indonesia, of Jamaica and it does not matter where the money came from.
For other charities in other countries, you can write off up to 74% of the money you have coming from that country.
So if you have $10,000 of US or New Zealand or Japanese income that you are reporting on your Canadian return, you can donate up to $7,500 as a charitable donation in that country - $100 would be up to $75.00, etc.
In many cases, there is an equivalent Canadian Charity and you can make a donation to the Canadian Red Cross with instructions that it be sent to the American Red Cross as one example.
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David Ingram gives expert income tax & 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 $400 for 15 minutes to 50 minutes (professional hour). Please note that GST is added if product remains in Canada or a phone consultation is in Canada.
This is not intended to be definitive but in general I am quoting $800 to $2,800 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 - 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
$1,200 would be the same with one business no rental
$1,200 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.
$1,500 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
$1,600 would be for two people with income from two countries
$2,900 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 $150.00 up.
With a Rental for $350
A Business for $350 - Rental and business likely $450
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 $800 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.
Just a guideline not etched in stone.
This from "ask an income trusts tax 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
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