2,076 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 85 of 87, newest first.
You can, but filing quietly doesn't buy Streamlined's penalty terms. You can file going forward, and nothing stops you amending old returns either.
Cross-BorderForm 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.