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MarkYYC

Section 217 return - help?

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Hi everyone

I am trying to do a section 217 tax return for my Canadian taxes, and I am questioning if I am doing it right. There is so much information out there, but no good guides!

I moved to the USA in October 2013 from Canada on a K1 visa, and was unemployed until September 2014. During that time I received Employment Insurance from Canada (about $14000 CDN), after which I earned about $11,000 US income (from my job).

My understanding of the section 217 return is that I should declare the CDN EI income on my US tax return, and then on my Canadian tax return file for section 217, which will allow me to get all of the taxes that were withheld on the EI income back, since I wasn't a resident of Canada.

Is this right? Can someone help me out? And yes, I did do my exit return from Canada for 2013.

Thanks!

Mark

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You have to make 75% or more of your income in Canada to get the income tax back. I thought I'd get about 1k back from my taxes and ended up with about $75.


You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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Hi NLR

Can you explain more about the 75%? I have not seen this before. Also what I don't really understand

Would it be better for me to not file in Canada and try to get those taxes back? Also I assume that since it was already taxed in Canada, I would leave them off of my US return? Or would I enter it, and then enter the taxes that were withheld as well?

Thanks!

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http://forums.serbinski.com/viewforum.php?f=2 usually pretty helpful there


Canadians Visiting the USA while undergoing the visa process, my free advice:

1) Always tell the TRUTH. never lie to the POE officer

2) Be confident in ur replies

3) keep ur response short and to the point, don't tell ur life story!!

4) look the POE officer in the eye when speaking to them. They are looking for people lieing and have been trained to find them!

5) Pack light! No job resumes with you

6) Bring ties to Canada (letter from employer when ur expected back at work, lease, etc etc)

7) Always be polite, being rude isn't going to get ya anywhere, and could make things worse!!

8) Have a plan in case u do get denied (be polite) It wont harm ur visa application if ur denied,that is if ur polite and didn't lie! Refer to #1

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Hi NLR

Can you explain more about the 75%? I have not seen this before. Also what I don't really understand

Would it be better for me to not file in Canada and try to get those taxes back? Also I assume that since it was already taxed in Canada, I would leave them off of my US return? Or would I enter it, and then enter the taxes that were withheld as well?

Thanks!

There are schedules to do when you file your Canadian exit return (the return that you stop becoming a Canadian resident.) I suggest looking it up on the CRA website. You have to file a paper return. Because you paid Canadian taxes you have to file in CAnada. Because you live in the USA you have to file in the USA. You can exclude the income from your US return using form 2555.


You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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There are schedules to do when you file your Canadian exit return (the return that you stop becoming a Canadian resident.) I suggest looking it up on the CRA website. You have to file a paper return. Because you paid Canadian taxes you have to file in CAnada. Because you live in the USA you have to file in the USA. You can exclude the income from your US return using form 2555.

This is totally wrong information. You can only use form 2555 to file your exit return, for foreign earned income. Employment insurance payments do not count as foreign earned income, it is strictly income.

For people reading this, please post your questions on the Serbinski Tax Forum, as they are actual accountants.

Thanks,

Mark

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This is totally wrong information. You can only use form 2555 to file your exit return, for foreign earned income. Employment insurance payments do not count as foreign earned income, it is strictly income.

For people reading this, please post your questions on the Serbinski Tax Forum, as they are actual accountants.

Thanks,

Mark

That's where i got the info. So its a good suggestion.


You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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Apparently I misunderstood what you were trying to do and at no time do I claim to be any sort of professional tax consulatant, accountant, or lawyer


You have brains in your head. You have feet in your shoes. You can steer yourself any direction you choose.  - Dr. Seuss

 

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