Welcome to the Just Plain Folks forums! You are currently viewing our forums as a Guest which gives you limited access to most of our discussions and to other features.
By joining our free community you will have access to post and respond to topics, communicate privately with our users (PM), respond to polls, upload content, and access many other features. Registration is fast, simple, and absolutely free; so please join our community today!
|
|
|
|
Joined: Dec 2000
Posts: 12,225 Likes: 54
Top 10 Poster
|
Top 10 Poster
Joined: Dec 2000
Posts: 12,225 Likes: 54 |
Just did a 1040NR for a client to recoup about 18k in taxes witheld on gambling winnings...and the ONLY reason we filed the 1040NR is that gambling winnings are not taxable in Canada....making the exercise worthwhile...
What you might consider though is simply filing Canadian returns, which you'll have to do anyway because you are taxed on your worldwide income....and claim the US taxes as a tax credit...meaning Canada recognizes that the tax has already been paid to the US....which will reduce your Canadian tax bill....
You likely still have to file a 1040NR...but it would be a "nil return" stating the income is only taxable in Canada...simple, and if you're paying someone, much less costly....
If writing ever becomes work I think I'm going to have to stop
|
|
|
|
We would like to keep the membership in Just Plain Folks FREE! Your donation helps support the many programs we offer including Road Trips and the Music Awards.
|
|
|
Forums118
Topics129,051
Posts1,185,700
Members21,480
| |
Most Online236,505
Jul 1st, 2026
|
|
|
"If you are stuck in your musical composing, be unreasonable. Change your environment. If you are stuck in your lyrical efforts, instead of forcing the same old words out, force yourself to do unreasonable things." -Brian Austin Whitney
|
|
|
|
