What are the basic requirements for U.S. income tax return for Canadian residents (non-residents of U.S.) who conduct business in the U.S., such as providing self employed personal services or have a rental income in the U.S. ?
As a U.S. non-residents who are taxable in the U.S. on their U.S. source income must file form 1040 NR by June 15 each year for the prior calendar year. Married residents of Canada may claim exemptions for a spouse and dependent children who lived with them. Although
Here are some tips from CRA review programs. Following these tips should help reduce the number of adjustments CRA make to returns each year. For more information, including how to get forms, guides, and other publications relating to the common adjustments listed below; select the link for the topic.
– Top Audit Triggers and what you can do to avoid the attention of CRA
Here are a few of the tips you will receive:
You may be aware of some of these tips, but if there’s just one that you weren’t aware of it could just be the one that keeps CRA off your back.
You’ll also learn that even if you do everything right when it comes to filing your taxes and obeying CRA’s rules, sometimes your associations, good and bad, will get CRA’s attention.
This is where careful planning comes
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