a
a
a

Search Results

Tax/Capital Gains/Death in Family

Posted date : Nov 4, 2017

Our mom passed away and dad’s been gone for 13 years. Mom did change the deed of her duplex in Florida into her three children’s names and removed her name from the deed three years ago. She was advised to do this by someone, but now we are not sure? We are wondering about capital […]

Read more...

Rental Income

Posted date : Nov 4, 2017

If you rent out your home in Florida and your rental income is less than your costs to maintain your home, do you pay tax on this income in the U.S. E. Dell Toronto, ON Response: Ed.: Any net income (rent less expenses) would be taxable in the U.S. If there is also personal use […]

Read more...

Form 8840

Posted date : Nov 4, 2017

Dear Bird Talk, Re: Form 8840 Is this form mandatory or a nice-to-do thing? F. Helmink Terrace Bay, ON Response: Ed: This is the second most-asked question. The IRA in the United States (that’s the tax department) wants to tax you on your worldwide income! If you spend three months a year in the U.S., […]

Read more...

Form 8840 Deadline

Posted date : Nov 4, 2017

Wondering if someone could confirm the due date necessary to file a Form 8840. Mike B. Ontario Response: Ed.: There does seem to be some confusion about this issue. For almost all snowbirds, the deadline is June 15 of the following year. For those few snowbirds who have employment income in the United States, you […]

Read more...

Four-month Stay in the U.S.

Posted date : Nov 4, 2017

Any further information about a rumour that Canadians who have property in the U.S. and stay for longer than four months in a calendar year are deemed to pay income tax, the same as an American citizen would? Also, any news about the visitor visa for Canadian seniors? Stan S. Ontario Response: Ed.: Nonsense! Don’t […]

Read more...

Canadian Credit cards in U.S. restaurants

Posted date : Nov 4, 2017

We recently used our Canadian credit card to pay for a meal in a U.S. restaurant. The total was $22.15 before tip, so I left a $4 tip for a total of $26.15. I noticed a few days later that my credit card was charged $ 53.15 Canadian…I know our dollar is low, but not […]

Read more...

What does Revenue Canada accept as an allowable expense?

Posted date : Nov 4, 2017

Dear Bird Talk, I have been told that I can claim my out-of-country medical insurance premium as a medical expense when I file my Canadian income tax. However, when I talked to Revenue Canada, they told me the premium is only an allowable expense if it covers exclusively what would be normal medical expenses. In […]

Read more...

Trial and error with cellular phone plans

Posted date : Nov 4, 2017

Dear Bird Talk, I see there has been a lot of discussion about many different cellular plans, and I thought I might weigh in a little with my personal experiences. I have a secondary property in Las Vegas and travel there occasionally throughout the year. I have tried adding U.S. travel pack plans Via FIDO […]

Read more...

Cost-effectiveness of removing driving coverages

Posted date : Nov 4, 2017

Dear Bird Talk, This may be old hat to experienced snowbirds, but it was news to us. We are newbie snowbirds planning to spend February through April in South Carolina. We put our second car into storage and removed all but comprehensive insurance; the resultant savings paid for the storage fees three times over. So […]

Read more...

Cost of heating a pool with propane

Posted date : Nov 4, 2017

Dear Bird Talk, Snowbirds who are looking at renting a house in Florida that uses propane for heating a pool should be very careful. Although some people claim that heating a pool with propane is similar in cost to that for hydro, propane rates from propane suppliers vary widely based on a home’s annual usage […]

Read more...

© Copyright 2024. All Rights Reserved. Privacy Policy|Terms & Conditions