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Canadian taxes (split)

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kkeys Contributor

kkeys   40

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Filed: IR-1/CR-1 Visa Country: Canada
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Wondering if anyone has any advice regarding taxes ...

 

I worked until January 25 in Canada (approx 3k gross) then moved to USA. 

I have a pension plan that I'd like to take the cash payout on, which is about 8500$ pre-tax withholdings (about 6800$ after the 20% taxes come off) 

 

Will I be filing taxes in Canada for January 1-23rd? I assume yes, in which I will claim the 3,000$ from work and the 8500$? Or just the 6800$? 

 

In addition to that, when the time comes to file my US taxes next year, am I reclaiming that 11,500$ as income, or is it separate? 

Do I claim my US income for the rest of this year in Canada too? 

 

I'm just so lost and don't even know where to begin to find someone who knows the answers... 

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mam521 Proficient

mam521   2,062

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Filed: Citizen (apr) Country: Canada
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1 hour ago, kkeys said:

Wondering if anyone has any advice regarding taxes ...

 

I worked until January 25 in Canada (approx 3k gross) then moved to USA. 

I have a pension plan that I'd like to take the cash payout on, which is about 8500$ pre-tax withholdings (about 6800$ after the 20% taxes come off) 

 

Will I be filing taxes in Canada for January 1-23rd? I assume yes, in which I will claim the 3,000$ from work and the 8500$? Or just the 6800$? 

 

In addition to that, when the time comes to file my US taxes next year, am I reclaiming that 11,500$ as income, or is it separate? 

Do I claim my US income for the rest of this year in Canada too? 

 

I'm just so lost and don't even know where to begin to find someone who knows the answers... 

Find a proper cross border accountant to file your taxes.  That way everything will be done properly, including your exit filing.  

Montreal IR-1/CR-1 FAQ

 

Montreal IR-1/CR-1 Visa spreadsheet: follow directions at top of page for data to be added

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EC&IC Contributor

EC&IC   32

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Filed: IR-1/CR-1 Visa Country: Canada
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Posted (edited)
6 hours ago, kkeys said:

Wondering if anyone has any advice regarding taxes ...

 

I worked until January 25 in Canada (approx 3k gross) then moved to USA. 

I have a pension plan that I'd like to take the cash payout on, which is about 8500$ pre-tax withholdings (about 6800$ after the 20% taxes come off) 

 

Will I be filing taxes in Canada for January 1-23rd? I assume yes, in which I will claim the 3,000$ from work and the 8500$? Or just the 6800$? 

 

In addition to that, when the time comes to file my US taxes next year, am I reclaiming that 11,500$ as income, or is it separate? 

Do I claim my US income for the rest of this year in Canada too? 

 

I'm just so lost and don't even know where to begin to find someone who knows the answers... 

I called the Canada Revenue Agency many times and got clear answers each time, so I suggest at least doing that, but I agree that a cross-border accountant would be ideal. Does anyone have any recommendations, actually? All the ones I found only work with millionnaires, apparently... (Asking for a $10K deposit to start!) We couldn't afford them.

Edited by EC&IC
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Ontarkie Grand Master

Ontarkie   14,223

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~~Post and related replies split off from the DQ thread as it is about Taxes.~~

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