Moving back to US and Taxation ask international
QUESTION: Hello David, I heard about a lot you on Taxation and Immigration issues. I have few question hope you can help me this. I became a Canadian Permanent Resident in JUN 2004. I have been in WA, USA in H1B and my 6th year imit on H1B is going to over in JUN 2006. In Jun 2005 I have decided to move to British Columbia. I bought a house there and my wife is already staying in that house and started working in BC. I come to work in Washington on Monday and go back to BC on Thrusday night. Now that my company want me to move to Georgia. it's going to hard for me to come everyweek to BC. Also my wife does not want to stay alone there. So I was thinking to move back to USA. 1) Can I keep the house there but move back to USA. How the tax is going to work. If I or my wife does not stay there. 2) How is it going to affect my PR status if in 1 yr from now I want to come back. Need your advice. Thanks, --------------------------------------------- david ingram replies: You have a big problem which is not unlike my reply to the question before this. When your H1B has expired, you have to come back to Canada or go to your country of citizenship. You are lucky in that your PR card will still be valid in June 2006 and indeed will still be valid in June 2007 if they manage to renew your H1B for one more year. However, it seems to me that your best bet would be to stay with your present job in Washington as long as you can and keep on commuting. When the job is scratched, your wife is here and established and you can find a Canadian Job. In fact, since you have not indicated that your company has made any effort to get you a resident alien (green) card which is possible on an H1, it indicates that you are expendable. I do not know your wife's skill set but it is unlikely that she can work in Georgia so she will be living a second class life in Georgia. Why not start looking for that Canadian job now and say goodbye to the company that has obviously not made any motions to keep you past the expiry of your visa. i hate to be a hard-nose about it but that is the fact of life. Come to Canada sooner, rather than later, and get your citizenship here. If you do decide to take the Georgia job for a year or a year and a half, rent the Vancouver house out so that you do not have to pay tax to Canada on your US income. hope this helps - but you likely want to spend some money with me and talk in person. Answers to this and other similar questions can be obtained free on Air every Sunday morning. Every Sunday at 9:00 AM on 600AM in Vancouver, I, david ingram am a permanent guest on Fred Snyder of Dundee Wealth Managers' LIVE talk show called "ITS YOUR MONEY" Those outside of the Lower Mainland will be able to listen on the internet at www.600AM.com <http://www.600am.com/> Call (604) 280-0600 to have your question answered. BC listeners can also call 1-866-778-0600. Callers to the show and questioners on this board can also attend the Thursday Night seminars on finance and making your Canadian Mortgage Interest deductible. David Ingram's US/Canada Services US / Canada / Mexico tax, Immigration and working Visa Specialists US / Canada Real Estate Specialists Home office at: 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Cell (604) 657-8451 - (604) 980-0321 Fax (604) 980-0325 Calls welcomed from 9 AM to 9 PM 7 days a week (please do not fax or phone outside of those hours as this is a home office) email to taxman at centa.com <mailto:taxman at centa.com> www.centa.com <http://www.centa.com/> www.david-ingram.com <http://www.david-ingram.com/> Disclaimer: This question has been answered without detailed information or consultation and is to be regarded only as general comment. Nothing in this message is or should be construed as advice in any particular circumstances. No contract exists between the reader and the author and any and all non-contractual duties are expressly denied. All readers should obtain formal advice from a competent and appropriately qualified legal practitioner or tax specialist in connection with personal or business affairs such as at www.centa.com <http://www.centa.com> . If you forward this message, this disclaimer must be included." Be ALERT, the world needs more "lerts" ask international income tax expert preparation & immigration consultant david ingram, North Vancouver, BC, Canada experts on RRSP RESP IRA 401(K) radio CKBD 600AM 9 AM Sunday mornings on Fred Snyder's IT's YOUR MONEY This from "ask an income tax and immigration expert" from www.centa.com <http://www.centa.com/> or www.jurock.com <http://www.jurock.com/> or www.featureweb.com <http://www.featureweb.com/> . 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