Archive for June, 2010
Cross Border Tax Q&A – Giving up a Green Card and US/Canada Taxes
Posted on 22. Jun, 2010 by Phil Hogan, CA.
Tweet Question Hello there My husband and I are planning on moving to Vancouver next year between October and December. My husband is a Citizen of the US and I am a Green Card holder. I’ll be receiving Social Security payment while in Canada and some investment income. I understand (from reading your website) that [...]
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Minister Ashfield announces funding to help charities and protect Canadians
Posted on 17. Jun, 2010 by Phil Hogan, CA.
Tweet The CRA will be providing almost 3 million in contribution funding for innovative education and training projects carried out before March 31 2011. The projects chosen will educate charities on complaint fund raising practices and about tax donation arrangements and false receipting, and will promote transparency and accountability in the sector. To find out [...]
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June 15 filing deadline approaches for self-employed individuals
Posted on 13. Jun, 2010 by Phil Hogan, CA.
Tweet Self employed individuals and their spouses/common law partners have until midnight on Tuesday, June 15 to file their income tax returns. Any outstanding balances for 2009 had to be paid on or before April 30/2010. Click here to read more: http://www.cra-arc.gc.ca/
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The CRA revokes the registered status of the Canadian Lacrosse Association
Posted on 13. Jun, 2010 by Phil Hogan, CA.
Tweet The CRA has revoked the Canadian Lacrosse Association as a registered Canadian amateur athletic association (RCAAA). RCAAA’s have the authority to issue donation receipts for income tax purposes. To read more click http://www.cra-arc.gc.ca/nwsrm/rlss/2010/m06/nr100607-eng.html
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Cross Border Tax Q&A – Tax Forms For RRSPs in the US?
Posted on 09. Jun, 2010 by Phil Hogan, CA.
Tweet Question Hi Phil My US accountant told me that my Canadian RRSPs are not taxable in the US, however someone told me that I need to file a TD9022 to report the RRSPs. Does this form exempt tax on the RRSPs? I moved to the US from Canada 3 years ago. Thanks XXXXXX Answer [...]
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The CRA revokes the registered status of the Canadian Lacrosse Association
Posted on 09. Jun, 2010 by Phil Hogan, CA.
Tweet The CRA has revoked the Canadian Lacrosse Association as a registered Canadian amateur athletic association (RCAAA). RCAAA had the authority to issue donation receipts for income tax purposes but know they have been suspending by CRA. For issuing more than $60.7 million in donation receipts for abusive transactions arising from its role as a [...]
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Cross Border Tax Q&A – Dual Status Return when Entering the US
Posted on 08. Jun, 2010 by Phil Hogan, CA.
Tweet Question Hi Mr. Hogan I’ll be moving to the US to take up a permanent job. I plan on getting my green card and remaining in the US for an extended period of time. I am aware of the need to sever my ties from Canada (i’m currently in the process of doing so) [...]
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Cross Border Tax Q&A – Can I roll my RRSPs to an IRA?
Posted on 07. Jun, 2010 by Phil Hogan, CA.
Tweet Question Phil I’ll be moving to California permanently next January and I wanted to get your opinion on a tax matter. Will I be able to “roll over” my RRSPs to an IRA (before or after I leave) into an IRA tax free? Thanks for your help in this matter. Kind Regards XXXXXX Answer [...]
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Cross Border Tax Q&A – Tax Consequences of Leaving Canada
Posted on 05. Jun, 2010 by Phil Hogan, CA.
Tweet Question Hello Phil I’ll be leaving Canada after a long stay (11 years) to take a job in Seattle. I’m still a US citizen and plan on staying at the new job in the long-term. I’m aware that I need to file a final Canadian return but I’m unsure how to handle all the [...]
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Cross Border Tax Q&A – Deduction of RRSP Contributions on 1040 Return?
Posted on 04. Jun, 2010 by Phil Hogan, CA.
Tweet Question Dear Sir I’m a US citizen (born in the US) living in Ottawa, Ontario Canada. I’ve prepared my own Canadian taxes and US taxes (1040 income tax returns) for the last 10 years including the filing of foreign tax credits on form 1116 IRS. My question is this: can I deduct my Canadian [...]
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