Tax Tips of Canadian Snowbirds
The Saskatoon StarPhoenix has a good summary of tax issues for Canadian snowbirds who spend their winters in the sunny south. They start with a reminder to fill in the IRS Form 8840 by June 15th and then go on …
Category: Revenue Canada
Form T1135 – Is it required for Canadian Snowbirds
Just finished our Canadian taxes and Turbotax came up with a warning that as owners of a home in the USA, we needed to fill in Form T1135. The online form is available at http://www.cra-arc.gc.ca/E/pbg/tf/t1135/t1135-fill-14e.pdf. Was this really necessary? The answer …
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Tax considerations for Canadian Snowbirds
The Globe published an article today on The flip side of retirement in the sun? A tax headache. While most of these articles are typically an advertorial for tax accountants, it does have some useful info. The article covers the residency …
Rental Income and Expenses — Revenue Canada
For an over view of this topic as it applies to Canadians, see http://www.cra-arc.gc.ca/E/pub/tg/t4036/t4036-e.html#tphp
Owning rental properties in both Canada and the USA
There are some tax implications for Canadians who own rental properties in the USA. A google on “owning rental properties in both canada and the usa” brings up a link to this recent article. Owning U.S. property may mean tax implications …
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