Could you please advise
me as to the following:
1) Can an individual
relocate from
2) Can a Canadian work
in the
3) Having rental
property left in
4) If a relocation is
possible, and working in the
Thank you very
much.
Regards,
------------------------------------------------------------------
david ingram replies
This question is too general to answer. A 300 page book could be written and still not cover it.
david ingram replies
This question is too general to answer. A 300 page book could be written and still not cover it.
However,
1. There are no restrictions between Calgary and New Orleans. They are cities. A person can relocate from anywhere in Canada to anywhere in the US if:
a. They are a dual citizen or have a US E5 visa (requires investment of $500,000 to $1,000,000), an E! or an E2 visa (requires major invstment)
b. They have a valid work permit as an H1, L1, TN, O1. In general, this means that they have a valid job offer and the company is sponsoring them.
c. They are a diplomat
d. They have married an American and are being sponsored by their US spouse
e. They have an American parent who is living in the USA and is sponsoring them
f. They are an internationally recognized entertainer or athlete and qualify for a P1 which is the only visa one can apply for without an existing employer.
g. They won the diversity lottery but people born in Canada do not qualify to enter this, OR, I guess
h they put in an application 16 years ago and it has come up.
Go to www.centa.com and click on 'Entering the USA' in th second box down onthe right hand side for more info on individual visas and their requirements for the H1, L1, TN, etc. or just click here http://www.centa.com/articles/entering_the_united_states.htm
2. If they have a visa, yes.
3. If you leave a rental property in Canada, you need to fill in Canadian forms T1161, 1243 and 1244 with your departing tax return due by April 30th of the year after you leave and you need to file form NR6 BEFORE you leave.
4. It is then treated as a Section 216(4) return with forms T1139 and T776 filed each year to report the rent to Canada. The figures would then be converted to US dollars and reported again on the US return on schedules E and 4562. If any tax was paid to Canada, you would claim a foreign tax credit on the US 1040 by filling in form 1116.
If you had other investments in Canada, the finanacial institutions in Canda should withhold 10% tax on interest and 15% tax on dividends before you are paid the investment return. If you are a non-resident, there is no Canadian tax on capital gains for publicly traded shares. However, your shares and mutual funds andbonds and any other investment have to be reported on the 1161 from mentioned above and may be subject to departure tax.
On November 10, 2007, David
Ingram wrote:
It is very unlikely that blind or unexpected email to me will be answered. I receive anywhere from 100 to 700 unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients. Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and get answered first. I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when I am out of town. e bankruptcy expert US Canada Canadian American Mexican Income Tax help
However, I regularly search for the words"PAYING
CUSTOMER" and always answer them first if they did not get spammed out. For the
last two weeks, I have just found out that my own email notes to myself have
been spammed out and as an example, as I write this on Oct 18, 2007 since June
16th (124 days), my 'spammed out' box has 34,939 unread messages, my deleted box
has 11854 I have actually looked at and deleted and I have actually answered
1078 email questions for clients and strangers without sending a bill. I
have also put aside 622 messages that I am maybe going to try and answer because
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$1,700 would be for two people with income from two countries
Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be $150 to $500.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc.
Just a guideline not etched in stone.
David Ingram expert income tax and immigration help and preparation of US Canada Mexico non-resident and cross border returns with rental dividend wages self-employed and royalty foreign tax credits family estate trust trusts income tax convention treaty advice on bankruptcy
It is very unlikely that blind or unexpected email to me will be answered. I receive anywhere from 100 to 700 unsolicited emails a day and usually answer anywhere from 2 to 20 if they are not from existing clients. Existing clients are advised to put their 'name and PAYING CUSTOMER' in the subject line and get answered first. I also refuse to be a slave to email and do not look at it every day and have never ever looked at it when I am out of town. e bankruptcy expert US Canada Canadian American Mexican Income Tax help
Therefore, if an email is not answered in 24 to 36 hours,
it is likely lost in space. You can try and
resend it but if important AND YOU TRULY WANT OR NEED AN ANSWER from 'me', you
will have to phone to make an appointment. Gillian Bryan generally accepts
appointment requests for me between 10:30 AM and 4:00 PM Monday to Friday
VANCOUVER (Seattle, Portland, Los Angeles) time at (604) 980-0321. david ingram expert US
Canada Canadian American Mexican Income Tax
help.
david ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
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My Home office is at:
david ingram's US / Canada Services
US / Canada / Mexico tax, Immigration and working Visa Specialists
US / Canada Real Estate Specialists
My Home office is at:
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Cell (604) 657-8451 -
(604) 980-0321 Fax (604) 980-0325
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Cell (604) 657-8451 -
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Calls welcomed from 10 AM to 9 PM 7 days a week Vancouver (LA) time - (please do not fax or phone outside of those hours as this is a home office) expert US Canada Canadian American Mexican Income Tax help.
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
for expert help, assistance, preparation,
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Canada Canadian American Mexican Income Tax
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David Ingram gives expert income
tax & immigration help to non-resident Americans & Canadians from
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estate, income trust trusts Cross border, dual citizen - out of
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Phone consultations are $400
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expert US Canada Canadian American Mexican
Income Tax help.
This is not intended to be definitive but in
general I am quoting $900 to $2,900 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 (but were filing both
countries) - no self employment or rentals or capital gains - you did not move
into or out of the country in this year.
$1,100 would be the same with one rental
$1,300 would be the same with one business no
rental
$1,300 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.
$1,600 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
$1,700 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 $200.00 up.
With a Rental for $400, two or three rentals for
$550 to $700 (i.e. $150 per rental) First year Rental - plus
$250.
A Business for $400 - Rental and business likely
$550 to $700
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 $900 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.
Catch - up returns for the US where we use the Canadian return as a guide for seven years at a time will be $150 to $500.00 per year depending upon numbers of bank accounts, RRSP's, existence of rental houses, self employment, etc.
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,
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