Workbooks & Pre-Consult Questionnaire
While TravelTax Canada is in Halifax all the work is done in the US. Please utilize the US address for anything that must be mailed.
CANADIAN SUPPLEMENT: Get Yours
This is a short demographics page for your Canadian information. To do your US taxes, you need to send us the appropriate US workbook found on the other specialty pages of our website. (Traveler workbook, etc.)
MAIN WORKBOOK: Get Yours
Yes, the Canadian part is easy but we will need the main workbook to do US taxes.
It is a free download, no sign up/password required. TO USE IT AS A PDF FILL, YOU MUST DOWNLOAD AND SAVE IT TO YOUR COMPUTER FIRST, THEN REOPEN THE SAVED FILE. If you are using a Mac computer, make sure you are not filling it out in Apple Preview mode or it will print out blank! You will then be able to type and save it as often as you need to using Adobe Reader. (download here) Or you can just print it out and hand write the answers. If a section does not apply to you, put N/A and skip that section. We need to make sure we are covering all aspects of your US filing requirements.
Should you have your business records in another format (excel or Quickbooks), you can just upload those to us via our secure portal and note that in the workbook.
FBAR – Federal Bank Reporting Worksheet Get Yours
All individuals present more than 183 days in the US, US citizens, and Greencard holders with more than 10K in the aggregate outside of the US (including retirement accounts) must complete this form. This even includes accounts that you may only have signatory authority.
Pre-Consult Questionnaire: Get Yours
This is to help streamline your appointment. Fill out what you know, skip anything that does not apply. We recognize that some of these issues are the very things you want to talk about. Answer those questions with a “?.”
Canadian Tax Issues Q&A:
Emigrating or just working temporarily across the border? The tax filing process is bewildering. We stay apprised of US-Canadian cross border tax issues and the treaty. Read and learn or use the Contact Form at the bottom of the page to ask your questions. We are also available for a free 15 minute consultation appointment.
IRS rules limit temporary assignments to less than 12 months in any one metropolitan area, consecutively or non-consecutively. Though you may have treaty protection, your temporary status for deductible living expenses may cease. You may go to another part of the country, but you cannot remain in the same area.
The only exception to this rule is a situation where the hospital itself provides housing on their campus (not an off-site apartment) and it is a requirement of your employment.
Children belonging to Canadian taxpayers can be claimed.
They will require an ITIN unless they have a SSN. We can help you obtain an ITIN for your dependents.
An ITIN is not a Social Security Number, it is a tax ID and it is only issued when a tax return requires an ID. ITIN’s can only be obtained by filing a W7 (Application for Taxpayer Identification Number) with a tax return. The return and ITIN application must be mailed WITH specific documentation of foreign status and identity. The request for an ITIN is processed by a specific IRS campus.
You will either have to mail ORIGINAL documentation, OR take your identifying documents to an IRS office that handles document certification. It is best to get a copy of the spouse/dependents passport certified by a CONSULATE or EMBASSY of the country that issued the passport to avoid nasty waits and hassle.
2) Non-resident Canadian rental property requires a reporting agent and withholding. Make sure that the withholding is based on net profit and not gross receipts.
3) One or both countries will need information about worldwide income.
4) Foreign bank accounts and any combination of foreign accounts totaling more than 10K; held by US tax residents, need to be reported to the US treasury.
5) Earnings within RRSP’s and RRIF’s must be reported and are taxed as income if living in California.
6) Foreign tax credits can be an itemized deduction vs. an actual credit. A good cross border preparer can find the most advantageous method.
7) Social Security, OAS and CPP payments are taxed by the resident country.
8) Any emigrant of Canada MUST report the value of all fixed assets on departure or face a stiff penalty.
9) When leaving Canada, the departure year Canadian return must include a declaration of non-residency and prorated tax credits.
10) Holding TFSAs as a US tax resident requires the filing of a nine page form and the earnings are taxable in the US. A TFSA is considered a Grantor Trust in the US. Get rid of them before emigrating
11) You cannot keep your Canadian health card after emigrating from Canada
12) When emigrating from Canada, all assets remaining in Canada are deemed to be sold and rebought on the day of departure. This can create significant capital gains tax.