Bird Talk » Dollars & Sense

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..

Posted date : Jul 22, 2020.

8840 Question #28 − Did you have any income from U.S. sources? I own a Canadian small business (corporation) and it was paid by a U.S. company

Posted date : Jul 22, 2020.

Do I need to fill out the 8840 if I filed a U.S. income tax return?

Posted date : May 5, 2020.

We use your currency exchange program on a regular, year-round, monthly basis. How can I make an additional one-time transfer?

Posted date : Sep 30, 2019.

We own a second home in Mesa, Arizona. I am aware that any capital gain on a real estate sale in the U.S. is reportable and taxable. There is also a 15% withholding tax on the sale price…

Posted date : Aug 9, 2019.

I am considering selling my U.S. condo and wonder if you have any advice on this. I have owned it for 10 years and it has gone up in value, so I know that I will pay capital gains tax in the U.S. Will the profit be counted as income in Canada?

Posted date : Aug 9, 2019.

In 2019, we rented our Florida/Jensen Beach condo out to Americans (for the first time) for the months of February/March through a Jensen Beach-based realty management company. Can we pay the tax on these U.S. rental earnings in Canada, or must we pay it to the IRS?

Posted date : Aug 9, 2019.

There are two issues raised in the Bird Talk of the spring issue on page 8, where I am questioning your response: (1) There is no withholding tax on a U.S. sale of less than $250,000. (2) In Canada, we are required to report any real estate transaction of more than $100,000 at purchase.

Posted date : Aug 9, 2019.

I read your article in the summer 2018 issue on Amazon Prime. I talked to an Amazon customer service agent and he suggested to me to just get it monthly in Canada and in the U.S.

Posted date : May 30, 2019.

I own several quarters of farmland in Saskatchewan and plan to will three to four quarters to each of four non-farming children, including a son who is a dual citizen and resides and works in Arizona. All of their farmland will incur some capital gains tax in Canada, as it has been cash rented since […]