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Capital gains

Posted date : May 30, 2019

We purchased a condo in Florida four years ago and have made an approximate US$100,000 capital gain on it. But we are thinking of buying another property for about $315,000, thus not receiving any capital gain as we are rolling it all back into another unit. Do we still have to pay tax on the […]

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Exchange rates

Posted date : May 14, 2019

With our dollar being where it is, is travelling into the U.S. going to be fairly costly, or will it be fairly reasonable with the cost of goods being cheaper there? David Heintzman Alberta Response : Ed.: We have always found it to be cheaper living in the U.S., even at a lower dollar-exchange rate […]

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RV purchase

Posted date : May 14, 2019

We are considering purchasing a trailer from another couple in Alberta. The trailer remains year-round in a California RV park. Is there anything to be cautious or aware of with regard to insurance and registration of the unit? I will be going to California to view the unit in person before purchase. Bruce Andrusiak Edmonton, […]

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Closer Connection Form 8840

Posted date : May 14, 2019

My wife and I filed a Closer Connection Form 8840 this year (2018) relative to our seasonal stay in Florida. Having done so, does this extend the length of time for which we are entitled to stay in the U.S. this calendar year and, if so, by how many days? Thanks for your help. Maxine […]

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U.S. Individual Taxpayer Identification Number

Posted date : May 14, 2019

If you have a U.S. Individual Taxpayer ID number but have not filed a U.S. tax return for three years, the Tax ID number will expire. Can you confirm that filing Form 8840 – Closer Connection form does NOT constitute filing a U.S. tax return? Bob Bovaird Response : Ed.: Filing the Form 8840 does […]

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Tax on U.S. income

Posted date : May 13, 2019

The information in this section of CSANews is always very useful to snowbirds and others with some connection to the U.S. Could you please clarify your response to a recent letter in which you state that, “if you earn income in the U.S. you do have to file a U.S. tax return.” According to the […]

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Issue 106

Posted date : May 10, 2019

On The Road Again It is late April and it is high time to get our taxes filed. We are driving home (in a friend’s van) for the first time in 10-plus years. The route has been carefully calculated, but my guess is that we will probably stray from the dotted line to explore. Not […]

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Six months vs seven months outside the province

Posted date : Dec 15, 2017

Dear Bird Talk, I recently heard that the six-month rule was changed to seven months. Is this true? I also heard that nine months is in the works. Is this true? Also, for how long can I winter in the U.S. and not lose my Canadian pension? Winston Sharkey Cambridge, ON Response: Ed: Just to […]

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Staying past the 182-day limit if 8840 submitted

Posted date : Dec 15, 2017

I have faithfully submitted my IRS 8840 Form for quite a few years now. My question is, can I stay past the 182-day limit by filling out the form? Or am I not protected by the friendly country alliance after the 182 days is up? Alex B. Victoria, BC Response: Ed.: Congratulations on regularly completing […]

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U.S. duration limits

Posted date : Dec 15, 2017

I would like to know how many months we can be in the U.S. every year and when does the year start? All this in plain English. Thank you. Joe Hall Niagara Falls, ON Response: Ed.: The year starts on the day you cross the border. You may stay for up to six months during […]

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