CEN-TA Tax and Immigration ForumThe CEN-TA Group

Help for Those Living and Working in Multiple Tax Jurisdictions

The CEN-TA Group

This is Your Source for Experts in Income Tax Preparation, Immigration, Real Estate, Investment and all manner of Cross Border Business and Personal Activities Advice and Information, Forms, Filing, Resources. Our Tax Preparers are Expert in all manner of Personal and Executive Trans-Border Problems

David Ingram and The CEN-TA Group are recognized as leading experts in the areas of cross-border taxation and personal business as well as financial planning and tax planning.

If you have a question on tax, visas, immigration, or cross-border issues you want to ask, please Ask the Experts
Some of the answers appear here, others are in the CEN-TAPEDE mail list archives Your answer will be e-mailed to you.

We're adding lots more articles all the time - take a look around.

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CANADA immigration to Canada form Mexico or the US or vice versa -- - NAFTA and self assessing test - Free Immigrate to Mexico s

General News
QUESTION:

I came here a month ago with my family.  I am from Mexico, and I would like to live here. 
 
How can I get a working visa and then be a Canadian resident?

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CANADA holiday home in Montana -

General News

We are thinking of purchasing a home in Montana and only live in it under 6 mo. When we sell it, (the cost is $350,000.00) will we have to pay some kind of tax?   

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CANADA Quote request/preparation of US and Canada return tax return -

General News

Hi!I was searching on the Internet and came across your site and I found very useful information.I was wondering what is the best way to obtain a quote from you for preparation of US and Canada personal income tax return.I am a US citizen and a Canadian permanent resident. I have the following:1. wages (from Canada)2. interest (from Canada and US - bank interest as well as money market funds).3. dividends (from US companies)4. capital gains/losses 5. one Canadian RRSP 6. one Canadian RPP7. two US IRAs.I don't have any rental property nor any business. I file my own TD 90-2.11.Please let me know. Thanks in advance!

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tax on US stock in Canadian RRSP - 8891 - TDF 90-22.1 -

Canadian Tax

Since the CRA lifted the 30% limit of foreign assets in RRSP, I opened an account with a Canadian Broker and have created an all ETF portfolio with US stocks in my RRSP. All my high dividend paying Canadian ETFs are in non-RRSP account. My question is related to taxation in such scenario. Do I report my dividend and interest incomes from my All USD Stocks in RRSP accounts to US and pay tax there and claim foreign tax credit in Canada (because US doesn't approve of our RRSPs as non-taxable accounts in US)? I am asking because since it will be growing tax-free in RRSP I won't be reporting any dividend, interest or capital gains income in Canada, and hence won't be paying any tax in Canada on that at all.I do file 1040NR every year, as I do own a rental property in US (in Texas) so need to file US taxes anyways. 2008 will be the first year when there will be any US stocks involved in my tax returns. How do the new rules regarding holding USD in RRSP have any effect in taxes in both US and Canada, as brokers like Questrade, convert USD to CAD all the time whenever I buy or sell any stock in their RRSP account?Thanks in advance.

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US inheritance for Canadian resident 1041 Estate Trust Return - taking money across the border E677 E667 FINTRAC 104 or 105 -

Canadian Tax
QUESTION:
 
I am Canadian and have inherited money from my Aunt who lived in the U.S. It is all in U.S. CD's and through a trust of which I am now the sole trustee. The trust now has it's own U.S. tax number and I was told I would have to pay taxes on the interest only.  When I cash them as they come due I would like to transfer the money to my Canadian Bank. Would I be taxed on the money transferred here as well?

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CANADA Mother and son own home together - Gift - Will - Estate Tax Gift Tax -

General News
QUESTION: 
My mother and brother jointly purchased a home together.  
This is the primary residence for both of them.  
There is no mortgage, the title is free and clear and is in both their names.  
She has willed her share of the property to him upon her death.  
Would her share be subject to estate tax?  
Can she transfer the property to his name while she is still living and are there any repercussions?  
Thanks.

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CANADA U.S. immigration Sponsoring a Spouse - , client of David Ingram -

General News
This is / was the only one answered today - you might want to save it if you are considering moving to the USA, have friend, etc, etc., etc.
Hello David,
 
We are writing to you because we are considering moving back to the U.S. 
 
We are a family of four.  My husband, xxxxxxxs a Canadian citizen by birth; I  am a U.S. citizen by birth, and have been a permanent resident of Canada since 2005.  We got married in 2000.  We have 2 daughters -xxxx na (born in   2003 in the USA - she is a U.S. passport holder), and xxxxxxxxxxxx  (born 2006, in Canada and a Canadian passport holder).
 
We would like to move to the U.S. by Christmas of this year.
 
Question 1:
 
Other than the I-130 form (petition for alien relative), and the G-325 (biographic information) what other forms do we need to fill out?
 
Question 2:
 
At what point can my husband start (a) seeking employment, and (b) start working?
 
Question 3:
 
How long will it take for his petition/Visa to be approved?
 
Thank you so much for your time,
 
Sincerely,


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Cost to prepare 1040NR -

Canadian Tax
 

Dear David,
 
We inherited a piece of vacant land in US. A small part of the land was acquired in 2007 by the State highway authority for road widening. We have to file 1040NR as there is capital gains from such deemed disposition. There is also rent income from a billboard on the land. We are Canadian citizens and residents and have no other income in US.
 
We are about to use H&R Block in Bellingham, but we come across your interesting website. Kindly advise what is your fee to help us file 1040NR.   
 
Thank you.
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CANADA Does Canadian need a Waiver to get off Cruise ship in the USA -

General News
 
QUESTION: My husband is a Canadian Citizen and would like to know if he has a criminal 
record could he get a passport. If so then if he goes on a cruise ship from Vancouver could he 
get on and stay on the ship. We will be stopping and boarding at some United States ports. 

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capital gains in -

Canadian Tax
 
QUESTION:I have traded my large acreage for 4 homes.the homes are new and I will not be living in them or renting them out they will be listed for sale..I have a GST # personally so I will not have to pay GST on them.How dothe sales affect my capital gains exemption.

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