Question

How to file taxes if I'm not US citizen or green card holder, and permanently moved to Canada?

Forum|Forum|3 years ago
March 14, 2023
1 reply
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Hello! I’m not a US citizen or a green card holder, I lived in the US for a few years before permanently moving to Canada in May of 2022. What is the best way for me to file taxes? Do I have to do it in each country separately or only in Canada(for all of the income received in both countries)?

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P

PattiF

You would file in Canada but only claim the income that you received after moving there in May. If you are a Canadian citizen, when you file a return you can claim a refund, contribute to RRSP for retirement, or claim Canada Workers Benefit.

Filin

You may need to file a return in the United States if your earnings were more than the minimum amount required to file a return. See this table to see if you are required to file with the IRS.

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K

kostolomAuthor

Thank you for your answer!

How about the bank accounts and interests if I had them in Canada and the US, do I have to specify them in both tax files? And are there any additional forms that need to be filled out in either country? And I forgot to specify that I'm not a Canadian citizen and am on a work visa.

DaveF1006

Yes, if you have foreign accounts, you will need to file an FBAR report if the amounts in your foreign accounts exceed $10,000 at any time during the year.

If you are a taxpayer living abroad you must file a 8938 if:

You are filing a return other than a joint return and the total value of your specified foreign assets is more than $200,000 on the last day of the tax year or more than $300,000 at any time during the year; or
You are filing a joint return and the value of your specified foreign asset is more than $400,000 on the last day of the tax year or more than $600,000 at any time during the year.

Turbo Tax does not support reporting the FBAR. That is accomplished in this link. The 8938 filing can be filed through Turbo Tax.