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| Subject: Partial residents in US and Canada |
hello
I came finally to Canada from the US in July. How do I do my taxes. should I keep them separate?
Please guide me.
thanks
[03-03-2008,16:54]
[**.161.130.168]
Saikripa |
(in reply to: Partial residents in US and Canada)
If you resided in both countries in 2007, do them both. But don´t pay double taxes, as both countries have an agreement to avoid taxpayers paying twice. Check IRS and Canada Revenue Agency websites for more information.
[03-03-2008,17:42]
[**.53.224.249]
Richard |
(in reply to: Partial residents in US and Canada)
Hi Richard
Thanks for replying. I have checked the websites and it is so confusing.
I am trying to call IRS from Toronto, but no one answers the call.
I will keep trying.
Anybody else who has gone thru the same, please input.
Thanks
[03-03-2008,17:57]
[**.228.197.98]
Saikripa |
(in reply to: Partial residents in US and Canada)
Saikripa,
It´s not so bad. I did them both. Just file taxes for both countries. There are instructions from both on how to handle common "world income". You must report all Canadian and U.S. income with both, but you only pay once. Just follow the tax forms instructions.
Others may want to input.
[03-03-2008,18:17]
[**.53.224.249]
Richard |
(in reply to: Partial residents in US and Canada)
How about if I land in canada and go back to USA, no bank account , no property, no earnings from canada, then also do I have to fill taxes in canada?? Thanks
[03-03-2008,20:47]
[***.151.83.119]
Javez |
(in reply to: Partial residents in US and Canada)
No. You have no residential ties to Canada and no Canadian income, so you don´t have to file.
[03-03-2008,22:53]
[**.53.224.249]
Richard |
(in reply to: Partial residents in US and Canada)
Richard
Regardless of Income he has to do Canadian taxes even if Income is zero. It will also assist him with his residency issue and if he ever chooses to become a citizen.
People always submit Income Tax applications regardless of Income. You could get some money back. You will be eligible for some savings schemes by both Federal and Provincial governments depending on province.
Roy
www.cvimmigration.com
[04-03-2008,07:37]
[**.52.219.96]
Roy |
(in reply to: Partial residents in US and Canada)
Roy,
According to Revenue Canada, taxes do not have to be filed if no taxes need be paid.
I´ve always said it behooves to file when possible to establish ties for proving residency. And yes, filing even if no taxes to be paid could result in a refund.
But the question was whether one must file in Javez´s case, and the answer is no.
[04-03-2008,11:49]
[**.53.224.249]
Richard |
(in reply to: Partial residents in US and Canada)
Richard,
I didn´t know that if you have 0 income then you DO NOT have to file. I thought you have to file tax regardless of any income.
Can you please give any IRS link regarding this?
[04-03-2008,12:38]
[***.219.255.152]
DC |
(in reply to: Partial residents in US and Canada)
I was referring to filing Canadian taxes.
For U.S., IRS rules are you must file if you had 2007 income of $8,750 or more single or $17,500 married couple.
Go to:
http://www.irs.gov/formspubs/lists/0,,id=97817,00.html
Select and download:
"2007 Inst 1040 Instructions for Form 1040 and Schedules A,B..."
[04-03-2008,16:13]
[**.53.224.249]
Richard |
