971 plain-English guides on cross-border moves, US and Canadian returns, and small-business money. Each one ends in what to do next, and says when a written Diagnostic is the smarter first step.
Page 39 of 41, newest first.
Form NR74 produces an opinion, and CRA Folio S5-F1-C1 says it "is not binding on the CRA and may be subject to a more detailed review at a later date".
Cross-BorderNo, it's not taxable income. But once a gift or inheritance from a Canadian parent tops $100,000 in a year, Form 3520 is required.
Cross-BorderYou need it when you take the position on a US return that the treaty overrules or modifies US tax law, and no waiver covers you.
Cross-BorderYes, short stays can pull a rental out of per se passive status under IRC 469. Yes, in one narrow way.
Cross-BorderYes. ITA 116(5) makes you liable for 25% of the full price if the non-resident seller lacks a clearance certificate.
Cross-BorderBuy a US property as a Canadian and four obligations attach: a US charge on rental income, withholding on the sale keyed to gross price.
Cross-BorderSection 1250(a) recapture is zero on a post-1986 straight-line residential rental held more than a year (sell inside a year and it's real).
Cross-BorderIt depends on the property's value, estate plan, and exposure. It depends on the axis, and this page lays out each rather than picking for you.
Cross-BorderThe decision turns on the US side (basis doesn't move) and one Canadian filing that switches on unless the place is personal-use.
Cross-BorderNo, a condo doesn't change your day count. Your day count does that, and ownership isn't a term in it.
Cross-BorderUsually no. The treaty replaces the $60,000 default with a pro-rata share of the full US exclusion, but you must file Form 706-NA to claim it.
Cross-BorderIt might be, and the fix has a price either way. Three problems run at once, on two sides of the border.
Cross-BorderYes. Rent from a US property pays a flat 30% of the gross to the IRS, with no deductions allowed against it.
Cross-BorderUsually not. Days you commute home within 24 hours don't count toward US residency if you cross on more than 75% of your workdays.
Cross-BorderCanada taxes your remote pay first, because you're resident here. What you owe, what your US employer owes Canada, and the forms both sides need.
Cross-BorderProbably, yes. If you're a US person (citizen, green card holder, or US tax resident) and you own at least 10% of a Canadian corporation or control it.
Cross-BorderDual-status is the default in your arrival year. Three separate elections can change that, and two of them generally need a spouse. Here's which is which.
Cross-BorderA section 6677 penalty is assessable, meaning the IRS can charge it without first sending a proposed notice you get to argue about.
Cross-BorderA paid assessment is worth it when your file holds an unknown that changes the price or the plan. If you already know which returns you need, skip it.
Cross-BorderAn LLC formed while you're still a Canadian resident usually lands in a mismatch Canada doesn't fix, and an S corporation is closed to a nonresident alien.
Cross-BorderYes, California taxes your RRSP growth every year. Yes, in the accrual years, and that's the mismatch almost nobody warns you about.
Cross-BorderFlorida levies no personal income tax, but the cost of the move lands on the Canadian side, on the way out.
Cross-BorderCatch up first, then renounce. Form 8854's five-year compliance certification makes you a covered expatriate at any net worth if you can't certify.
Cross-BorderA section 217 election trades the flat 25% withholding on non-resident RRSP income for graduated Canadian rates. Who wins, the June 30 wall, and the math.