Hi all,
I moved to Canada as a Permanent Resident in 2018, and, have filed taxes for 2018 and 2019 as a single filer. However, I got married earlier this year (2020), and, had a few questions that follow:
(i) Considering that my spouse lives in the US and is a US citizen, do I need to report her US income in my tax filing for the 2020 fiscal year? Also, are there any benefits in a joint filing vs two individual filings? (PS: She doesn't have a SIN, and, we plan to live in the US eventually)
(ii) I believe I can update my marital status on CRA's website. Is there any other authority that I need to inform/update my status with (from a tax perspective)? Does updating my status having any bearing on the tax withholding? Are there any implications on my immigration status if I don't update my marital status with the CRA?
(iii) Considering that my spouse will not be moving to Canada, and, we will be living apart till I make the move to the US, do we need to file jointly?
(iv) Lastly, are there any members here that are in a similar situation, or, any tax professionals that you could recommend?
Many thanks,
NK
I moved to Canada as a Permanent Resident in 2018, and, have filed taxes for 2018 and 2019 as a single filer. However, I got married earlier this year (2020), and, had a few questions that follow:
(i) Considering that my spouse lives in the US and is a US citizen, do I need to report her US income in my tax filing for the 2020 fiscal year? Also, are there any benefits in a joint filing vs two individual filings? (PS: She doesn't have a SIN, and, we plan to live in the US eventually)
(ii) I believe I can update my marital status on CRA's website. Is there any other authority that I need to inform/update my status with (from a tax perspective)? Does updating my status having any bearing on the tax withholding? Are there any implications on my immigration status if I don't update my marital status with the CRA?
(iii) Considering that my spouse will not be moving to Canada, and, we will be living apart till I make the move to the US, do we need to file jointly?
(iv) Lastly, are there any members here that are in a similar situation, or, any tax professionals that you could recommend?
Many thanks,
NK