David Ingram's Archives
Question: Wednesday, September 01, 2010
I am hoping I am one of the lucky ones and you answer my question. But I realize you have several and will most likely need to schedule a telephone conference call. My husband and I are Cdn citizens but have held a green card for more then 8 years. We have 3 children, 2 are dual and one is Cdn with a green card also. We have made the decision to return to our hometown of xxxxxx after several years in xxxxxxx. The reason we are moving is for family. We originally thought we would get our US citizenship before we depart so that our youngest would also be dual and keep our options open for the future. We have received advice from several different source, both American and Canadian advisors. At this point we are more confused then anything. We are concerned with getting the citizenship because of our covered ex pat status and also concerns from my parents regarding inheritance and joint real estate we own. Do you have any advice? When is it possible to discuss this matter. We are pushing back our citizenship interview which was originally scheduled for September 13th, 2010.
Question: Wednesday, September 01, 2010
I am a U.S. citizen married to a Mexican citizen. We are filing for divorce and I will be moving back to the U.S. Half of our assets will be wire transferred to my account in the U.S. I have always been a housewife and am unemployed. Is the IRS going to deduct tax from what I transfer? If so, what is the percentage?
Question: Thursday, May 13, 2010
I知 a US citizen who had a Canadian work visa and lived/worked in Montreal for 15 months in 2005/2006. I filed both Canadian and US taxes as required. I moved back to the US in 2006 thinking all was well and good. I got rid of all my Canadian accounts and records thinking they weren稚 going to be ever necessary. I now received this letter. I would like to just ignore it, but I知 not sure of the consequences of that. I do have to travel to Canada almost every month and I知 now worried I知 going to be thrown in jail when I next return. My questions are: 1. 1. What are the consequences of ignoring this? 2. 2. What can they do to me when I travel to Canada? 3. 3. I paid into the Canadian retirement service, is that money totally lost to me? Can I argue that they are going to get that money and I値l never see it? I fear that trying to straighten this out with the Canadian tax service is going to be really hard and stressful.
Question: Tuesday, February 09, 2010
I'm a Canadian that lives in Vancouver and goes back and forth to LA. I am going to form a US company (as a foreign non resident). Does it matter tax wise whether or not I create a LLC with pass through income or form a Corporation and pay myself from it? I figure I'll file all income in Canada the first year but after that I intend on working and living legally in the US. Is there a strategy tax wise that will benefit me most and not have to get double taxed or file in both places?
Question: Tuesday, January 05, 2010
We have asked to become non resident by filing a NR-73 and our status was accepted. When we left the children were young but now my son turned 18 and he wants to go back home to Canada. He is adult and I cannot stop him. Should he fill a NR-74?
Question: Thursday, December 24, 2009
I am looking for advice on Canadian taxation matters. My wife and I for the last 20 years have lived and worked in the remote Falkland Islands. For tax purposes our whole income is taxed by the Falkland Island Government. I have just accepted a job to work in the north of Canada, initially for 1 yr but may well make it permanent. The job is unusual in that it consists of my working 6 week periods in Canada, followed by 6 weeks off duty, which will be spent in the Falkland Islands. For most of the first year my wife will continue to live and work in the Falklands. We are looking for advice as to how best to arrange matters in order to minimize the amount of tax we have to pay in Canada/Falkland Islands. We would like your advice as to the setting up of a Limited Company etc, either here in the Falkland Islands or in other countries such as the British Virgin Islands. If you are unable to help, we would appreciate it if you are able to put us in touch with anyone else who could. We look forward to hearing from you.
Question: Thursday, September 03, 2009
My son is planning on moving to Vancouver, BC, for six months during the winter Olympics. He doesn't have a job yet and thinks, being a US citizen, he'll have to work in Washington. On a temporary basis like this, will he have a problem driving across the US/Canadian border on a daily basis to go to work and back? Any advice you can give would be greatly appreciated.
Question: Thursday, September 03, 2009
I have dual citizenship Canadian (by birth and hold a current Canadian passport and Social Insurance Number) and U.S. by naturalization. I live in the USA and plan to retain my residency there and travel to Canada to work. I understand the tax implications of paying Canadian taxes on worldwide income to Canada and claiming a credit for Canadian taxes paid on my US tax filing. My question is on entering Canada, how do I declare the purpose of my trip? Are there obstacles to prevent me from living in the U.S. and working in Canada? I intend to relocate my residency to Canada in a year or so and my wife will move along with our belongings at that time but for family reasons (my son finishing off his high school year in the U.S. and my wife completing her school year teaching)they will not accompany me nor will we dispose of our house until then. Thank you for your assistance.
Question: Thursday, September 03, 2009
I am taking a job in Afghanistan for 1 year for an American corporation. My wife and kids will be staying in Canada. I will receive a base salary, danger pay, out of country pay, away from family pay, all in US funds. I am required to handle all taxes (as required) I can have my pay deposited anywhere in the world. Is all of the pay I receive subject to tax? If so is there anyway to avoid taxes? Do you have to report all income or are some of the benefits tax free? Is there any way to handle the funds legally speaking of course...
Question: Saturday, August 15, 2009
Please tell me/us whether Canadians who temporarily work in the USA paying all taxes properly are eligible to receive Canadian EI in case their work in the USA got terminated?