Results 1 to 2 of 2

Thread: Filing taxes in 2 different countries, how much would I owe on this? (USA/Canada)

  1. #1
    Senior Member
    Joined
    May 2014
    Posts
    96
    Thanks
    17
    Thanked 26 Times in 16 Posts

    Default Filing taxes in 2 different countries, how much would I owe on this? (USA/Canada)

    hi everyone

    Im a camgirl and ill be filing single in April 2015 coming up. In 2014 ive made aboout $56000 in camming and camming alone since its my only job. I was living in the USA when I made roughly most of this income, now im living in Canada for the past 3 months (I Havent even made $10,000 with camming since being in Canada so I dont think i file in Canada since I BELEIVE you only file if youve made over $10,000 but I could be wrong?)


    I was under the impression I need to go file in Canada AND the USA since I was camming on mfc in both countries, but since being in Canada now and making under $10,000 since being here for such a short time so far I dont think I file in Canada and just file to the USA for taxes.....

    Anyways, someone who is filing single who has made about $56000 does anyone have any idea how much I might "Roughly" owe without deductions? (I dont want to give an estimate right now how much I might need to deduct is all lol)
    (Also, any advice how I should go about filing to the usa when living in Canada if anyone knows would be great!)

  2. #2
    God/dess shanna dior's Avatar
    Joined
    May 2008
    Location
    Canada
    Posts
    4,980
    Thanks
    621
    Thanked 6,894 Times in 2,672 Posts

    Default Re: Filing taxes in 2 different countries, how much would I owe on this? (USA/Canada)

    In Canada, you should file regardless of your earnings. If you don't file, especially with low income, you won't receive benefits like the quarterly GST/HST credit designed to offset the GST/HST you pay when you have a low income.

    Given your unique situation of having worked in both countries in the same year and moved between them, I would recommend getting an accountant who specializes in filing for both Canadian and American income. This way, you'll make sure you're not paying more or less than you owe. For example, in Canada, you can deduct moving expenses if you move over 40km for full-time post-secondary education, for employment, or for carrying on a business at a new location. I have no idea how applicable that is to people moving from another country, but an accountant certainly would.

    As for how much you will owe to the US, it depends on the state you were living in. A good rule of thumb is to expect to owe 30% of your earnings. Again though, and accountant will be invaluable in making sure you are taking the right deductions.

  3. The Following User Says Thank You to shanna dior For This Useful Post:


Similar Threads

  1. Filing taxes in Canada
    By Smurfette in forum Other Work
    Replies: 8
    Last Post: 04-04-2016, 05:22 PM
  2. moved countries, where do I file my taxes now?
    By mishimishi in forum Camming Connection
    Replies: 2
    Last Post: 10-19-2014, 01:47 PM
  3. Benefits of filing/not filing taxes?
    By Autumn Lily in forum Dollar Den
    Replies: 37
    Last Post: 01-25-2010, 11:48 AM
  4. Benefits of filing/not filing taxes?
    By Autumn Lily in forum Newbie Board
    Replies: 5
    Last Post: 12-30-2009, 05:35 PM
  5. Filing Taxes in Canada
    By katerina29 in forum Club Chat
    Replies: 0
    Last Post: 09-28-2007, 04:18 PM

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •