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Recent content by jclarke99

  1. jclarke99

    PEO suggestions for remotely working for US company?

    In another thread, someone is using remote.com as their PEO. This isn't an endorsement.
  2. jclarke99

    Opening a company to work for US employee

    You don't want to be a W2 US employee while residing in Canada, and it may well be illegal. At best, you should pay the required Canadian taxes and attempt to "claw-back" taxes paid to the U.S. using the bilateral tax credit.
  3. jclarke99

    Working in India Remotely after shifting to Canada

    Jumping in late here. Should be fine if act as a consultant. There are potential issues if you remain an employee of your company in India (e.g., they'd need to adhere to Canadian labor laws, possibly pay Canadian taxes, etc.)
  4. jclarke99

    Does after soft landing your worldwide income is taxable in Canada?

    For me, I landed at Vancouver International airport, and at passport control I explained that I was doing a soft PR landing, and they sent me to immigration in the airport. I had the final documents within 2 hours (including giving them my sister's address to mail the PR card). Nothing...
  5. jclarke99

    Does after soft landing your worldwide income is taxable in Canada?

    For what it's worth, I was up-front with the immigration official when I first landed. I stated that this was a "soft" landing and that I would be officially moving at a later date. I also told them that given this, I was providing my sister's address to mail the PR card. They didn't raise...
  6. jclarke99

    Does after soft landing your worldwide income is taxable in Canada?

    Check out this link for more info about the personal effects list. https://arrivein.com/daily-life-in-canada/how-to-fill-forms-b4-and-b4a-bsf186-and-bsf186a-while-moving-to-canada/
  7. jclarke99

    Does after soft landing your worldwide income is taxable in Canada?

    I've been in a similar situation. When I landed with COPR docs, I made it clear to immigration that I was doing a soft landing, and that my move date would be later. I also provided a list of all items that I would be moving at a later date - it's important to provide such a list when you...
  8. jclarke99

    Selling stocks (ESPP) before moving to Canada

    I'm not a CPA, so you would be wise to verify, but I suspect that your cost basis is the actual (or implied) cost to you (not necessarily the market stock price) in Canadian dollars at the time you moved to Canada. If you're like most people and conduct the ESPP purchase and sale at the same...
  9. jclarke99

    Foreign worker IEC

    Understood. I recommend the payroll option. You'll essentially be an employee of the company with access to Human Resources and possibly some benefits. If you subcontract, then you're acting as your own company, with a need to make quarterly estimated tax payments, and possibly other...
  10. jclarke99

    US citizen, first year filling taxes as PR in Canada

    If it were me, I'd start with something like TurboTax as this doesn't sound like a situation that is too unique/complicated. But be prepared to defer to a CPA if it proves otherwise.
  11. jclarke99

    Foreign worker IEC

    Not too familiar with work permit situations, but why wouldn't you choose the payroll option as that should make it less complicated for you.
  12. jclarke99

    Foreign worker IEC

    Is your employer a Canadian company or foreign (e.g., U.S.)?
  13. jclarke99

    US citizen, first year filling taxes as PR in Canada

    I guess it's a question of whether you know how to report her scholarship $ for both her Canadian and U.S. taxes. For the U.S. taxes, she'd take a credit towards such taxes paid to Canada. There are some other matters, such as adjusting the Canadian personal exemption amount by the...
  14. jclarke99

    Non-Resident Tax Questions (TFSA, etc.)

    Perhaps you already know, but simply living outside of Canada doesn't automatically make you a non-resident of Canada for tax purposes. Have you looked closely at the following...
  15. jclarke99

    TAX 2020 - US & Canada

    I'm not convinced that it works that way - i.e., your assumption that you already paid taxes to the IRS, so the IRS gets to keep it and you'll claim it as a credit on you Canadian taxes. Because you were a PR of Canada during that time, I believe that CRA will expect you to to pay all taxes...