CANADIAN 2012 Tax Return

[CANbirdUSman 11]

Happy New Year !

Just started receiving my T4's ( in the US they're called W2's ) ... thought I'd call the CRA (Canadian Revenue Agency) and inquire if I need to do anything differently, since I no longer reside in Canada. And this is what I was told...

(1) Fill out form NR73 - Determination of Residency (link from CRA site)

(2) Fill out Standard Tax Form for 2012. Include applicable changes; address, marital status, name.

I also asked about next year, 2013, regarding my Canadian Bank Accounts. This information goes on the 2013 US tax form, SOMEWHERE under something like 'interest earned from foreign investments' ... if you 'own property in another country', there's a spot for that too.

ONE year at a time right!

Cheers!

-ps- I've used Turbo Tax for the past 2 years. Super easy & safe & cheap!

Edited January 14, 2013 by CANbirdUSman

[SF2007 48]

Yes, that's what I did last year. For the transition year, you have to file on both sides. Then, assuming you maintain your U.S. residency, you just file in the U.S. You also can keep money in your Canadian accounts but have to declare everything if the combined total is $10 000 or more.

[Flames9_RN 358]

Some say to fill out NR 73 some do not!! I talked to Revune Canada years ago and they told me it is not a "must" On your Cdn income tax return--on the front page somewhere--it asks Whewn you became OR CEASED to be a CDn Resident---just plot down the date you Ceased to be a Cdn resident! Thats all I did!! For fun, I asked for the GST rebate--knowingly I made to much $$$$--I received a letter stating I was not entitled to it as I was no longer resident based on my Previous tax return! Just my 2 cents---why fill out more govt paperwork,lol

[Ontarkie 14,193]

~~~~Moved to the Canada forum, from Off Topics~~~~

[Flames9_RN 358]

http://forums.serbinski.com/viewforum.php?f=2 cdn/USa tax forum

[CANbirdUSman 11]

~~~~Moved to the Canada forum, from Off Topics~~~~

[CANbirdUSman 11]

Some say to fill out NR 73 some do not. I talked to Revune Canada years ago and they told me it is not a "must" On your Cdn income tax return--on the front page somewhere--it asks Whewn you became OR CEASED to be a CDn Resident---just plot down the date you Ceased to be a Cdn resident! Thats all I did!! For fun, I asked for the GST rebate--knowingly I made to much $--I received a letter stating I was not entitled to it as I was no longer resident based on my Previous tax return! Just my 2 cents---why fill out more govt paperwork,lol

Yeah, .... extra paperwork does suck...

Now that I've looked at the CRA website,again, regarding the NR73 form it says...

"If you want an opinion about your residency status, complete and submit ...."

The answer is NO. I'm not looking for an opinion.

Thanks for your '2 cents' . Less paperwork is more better

Edited January 15, 2013 by CANbirdUSman

[CANbirdUSman 11]

CRA link (Canadian Revenue Agency)

See link above for other tax information on 'Leaving Canada'.

Edited January 15, 2013 by CANbirdUSman

[CANbirdUSman 11]

Quick up date on my 2012 Tax return: Filed March 06, 2013

*2012: Resident of BC: January 01 -November 01, 2012*

-Filed T1, General Tax Return & BC & Fed

-NO to gst; non-resident as of November 01st, not eligible.

Because my marital status changed, I was unable to use Turbo Tax, so I used the 'online' forms available on the CRA site, and mailed everything out, the 'old-school' way. THANK goodness I had last years tax return as a guide! My Dad, who's always done his own taxes for decades, looked them over. He found 1 error. It's good to get someone else, who likes numbers, to look through that stuff.

Well, fingers crossed Ottawa gets my 'package'.

Best of luck everyone