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Iqster, Contact me. Contact details are in my profile. I know far, far more about this topic than I need to. We do this work but we're probably way to expen
by philiphodgen 15y ago
Iqster,
Contact me. Contact details are in my profile. I know far, far more about this topic than I need to. We do this work but we're probably way to expensive. I'll try to find someone for you to work with.
Generally . . .
Cross-border taxation is needlessly complex, mostly because of the US government. Expect to spend a LOT of money. If you get someone cheap, be suspicious. Competent, experienced cross-border tax return prep people are scarce and are priced accordingly.
And the downside risk for you (and your return preparer) is high. So you are paying your U.S. tax return preparer to be your insurance policy in case you get hit with a penalty, in addition to paying for scarce talent. Ah, the law of unintended consequences . . . .
I had two new contacts TODAY with US/Canada tax problems. All the cool kids are having tax problems these days. :-)
- philiphodgen 15y agoLet me be a little more helpful than just yelling "Scary Monsters! Beware!" :-) Flags to wave: 1. RRSPs? Form 8891. 2. Still have bank/etc. accounts in Canada (including RRSPs)? Form TD F 90-22.1. 3. Mutual funds inside those Canadian accounts? Form 8621. 4. Own shares in a Canadian company (not public)? Form 5471. Partner in a partnership? Form 8865. These are common foot-faults. I don't know about your particular situation. And all of these will apply whether the CRA thinks you are still a Canadian resident or whether they think you're a nonresident for Canadian tax purposes.