Canadian working in Bellevue Washington - income tax,
QUESTION: Good Day Mr. David Ingram, I am a Vancouver resident working in Bellevue, Wa. This will be my first time to file a tax in US and Canada. I have few question related to taxation of both countries. 1. Do I get a tax credit from US to Canada. 2. My company paid for my moving expense (temp housing - 2 monhts) which is became part of my gross income, can I deduct this expenses? 3. My main residence remains in Vancouver, can I deduct mortgage interest of my Vancouver property to the my taxable income in US. 4. What is your normal rate for preparing both tax return? Thank you for your time and help. I look forward to discuss this matter with you or your associate. sincerely, xxxxxxx --------------------------------------------------------------------------- david ingram replies: 1. The answer is yes. You will get a tax credit on your Canadian return for the tax paid to the USA. 2. Although the US will allow the moving expense, Canada does not normally allow moving expenses out of or into the country although if you are intending to report the income in Canada, we should do it and claim it and be prepared to contest it. 3. You can deduct the mortgage interest and taxes paid in Canada on the US return but it does not do you any good if you are paying your final taxes to Canada. We would normally charge between $750 and $1,500 for this type of return. But, where is your family? Are they in Vancouver and you are commuting? Do you intend to get a green card and move permanently to the US? david ingram -- No virus found in this outgoing message. Checked by AVG Anti-Virus. Version: 7.0.300 / Virus Database: 266.5.1 - Release Date: 2/27/05 -- No virus found in this outgoing message. Checked by AVG Anti-Virus. Version: 7.0.300 / Virus Database: 266.5.1 - Release Date: 2/27/05
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