Blog Page 2
Question Hello, I moved from Canada in 2003 and left my RRSP in Canada. I'm planning on withdrawing $10,000 from the RRSP this year. How much Canadian tax will they withhold? Thanks for your time. XXXXX Answer Hi XXX Canada will withhold 25% of the RRSP...
Question Hello, Just wanting to get some advice on withdrawing my RRSP to pay my house here in the US. I am a dual citizen living in the states. Worked in canada for 10 years, about 10 ago. Thank You...
Question Great website!   Here is my situation...please let me know if you can help.  Thank you... I left Canada (XXXXXX) about 9 years ago (in XX) and moved to California, where I now live.  When I left Canada, I filed my...
Question Phil, I know you don't know me from a hole in the ground and I know you are out to make money but I thought I'd ask anyhow. I'm a XXXXXX in XXXXX but US Tax law isn't my...
Question Hi, I hope you can help. I've neglected to file my Canadian taxes for the last 5 years (please no lecture thanks....I know I've been bad)... I'm self employed and I'm finally caught up with all my bookkeeping records....
Question Hello Phil, I recently came back from a trip to Las Vegas where I won over $20,000 in winning on a slot machine (crazy since I never really gamble). The casino withheld 30% of my winnings and gave me a...
I wanted to share this great video with everyone. In this video David Ingram answers a viewers email about how to make your mortgage interest deductible. Enjoy! Right now what I want to talk to you about is Mortgage Interest...
Question Dear Phil, I stumbled upon your website while searching internet for information on tax payments. My income tax is being deducted from each paycheck. My spouse is self employed and pays taxes once a year. Because of the nature of her...
Question Hello, I lived in Switzerland for a few years and I failed to file my US returns. I'm a US citizen, currently residing in the US but I have been living in Switzerland for a few years. I'm currently catching...
Question Hello Mr. Hogan, I'll be moving from California to Canada in February of next year and I just wanted to get a sense for any tax implications that I need to be considering before I make the move. Let me give...