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Posted date : Dec 19, 2023

My sister insists that you must declare your vacation home in Arizona that is used by only you in the winter months as foreign property on your tax return under Revenue Canada Guidelines. Do you have the Revenue Canada guideline that states this?

Posted date : Sep 19, 2022

I’ve just become aware of the form 8840. Do I need to complete the form if I don’t meet the substantial presence test for time in the U.S.?

Posted date : Jul 21, 2022

Hi, I received a statement of interest income from my TD Bank in the U.S. − interest earned is .44 cents. Would I have to file income tax in the U.S? If no filing is required, as of what amount earned would I have to file?

Posted date : May 11, 2022

I have seen a number of questions and answers regarding selling your home in the U.S., but I haven’t seen any information about subsequently squaring up with the U.S. Internal Revenue Agency. How do I get our money back to Canada?

Posted date : May 11, 2022

We bought a personal use home in Goodyear in 2007 and sold it at a capital loss in 2015. We had no U.S.-based income, so did not file a U.S. income tax return. …

Posted date : Jul 23, 2021

Should a snowbird refrain from buying and holding U.S. securities in order to avoid any closer connection determination being made by the IRS/Homeland Security officials in scrutinizing an individual’s residency basis for an income tax status?..

Posted date : Jul 23, 2021

I’m writing to find out what I’m missing, based on the below excerpt from the 2020 Form 8840. It specifically states on page 3, that: “… you will not be treated as a U.S. resident for 2020…

Posted date : Jun 17, 2021

U.S. Senators Marco Rubio (R-FL) and Rick Scott (R-FL) reintroduced the Canadian Snowbirds Act, legislation that would allow some Canadian citizens to spend up to eight months a year vacationing in the United States, two months longer than they are allowed to stay now.

Posted date : May 12, 2021

We sold a condo, in the U.S., this year – 2020. No tax was withheld. We have a slight gain in U.S. dollars. We have a larger gain in Canadian dollars, and intend to pay tax on that gain, in Canada. ..

Posted date : Jul 22, 2020

Having just returned from six months in the U.S., I undertook to, once again, fill in Form 8840. This year, I note that the I.R.S. is seeking, in question #13, whether or not I filed tax returns for 2019..