Recent content by ibanking90

Just make sure I understand this correctly, for 2019, I'm eligible to open and contribute to RRSP account, the eligible amount is maximum 18% of my earned income from Canada source from the time I become Canadian resident (Feb 2019) through Dec 2019? And I suppose I need to subtract the...

Dear All, I've become Canada resident for tax purpose effectively Feb 2019. During Feb 2019 I still received some income from the US. I'm calculating the amount I'm allowed to contribute to my RRSP for 2019. Currently, my company offers a defined contribution pension plan (RPP) in which I...

I'm using TurboTax to file the return for my wife, there are 2 options that TurboTax is giving me: NETFILE or Print and Mail, as this is the first time my wife files tax in Canada, which option should I choose for her? Thanks.

Dear All, I made my soft landing in Canada back in Nov 2017, but I only permanently moved to Canada in Jan 2019. I'm opening a TFSA account now with RBC and would like to ask how do I calculate the maximum allowable contribution to my TFSA. Am I only eligible for 2019 or can I count the...

Thanks for the reply! For my wife, does it mean that she will only need to pay tax on worldwide income from August to December 2018? For myself, I did not inform the bank, does it mean I have to submit a non-resident tax return to pay tax on the interest?

Dear All, I'd like to have your opinion on my situation regarding paying tax in Canada for 2018. In Nov 2017, me and my wife made our soft landing to activate Canadian PR, we only stayed for 3 days during which we opened individual bank accounts but did not deposit any money in them. We then...