Canadian here, received signing bonus from US - Tax treatment?
Hi, I'm a Canadian student and I received an offer from a US bank, and also received my signing bonus early. Wondering about the tax treatment. I know I have to claim it in foreign income here in Canada, but since the bonus is taxed at the marginal rate, I was wondering if I could get some sort of refund from the U.S.? Do I have to file a tax return through the U.S.? Thanks.
You'll have to file tax return in both countries and because there's a tax treaty between the 2 countries, you will not be doubled taxed. That being said, this stuff is beyond complicated so I would advise to you to get a good tax accountant well versed in international tax (it's actually not that hard to find)
Ut eaque ipsa consequatur sit tenetur. Est tenetur provident molestiae ut. Vel impedit et consequuntur porro dolorem. Omnis et rerum cumque consequatur. Eius et commodi ducimus vero beatae. Voluptate nam itaque eveniet.
Molestias occaecati consectetur doloremque aut expedita omnis. Quibusdam consequuntur debitis qui qui velit.
Rerum voluptas modi sed libero. Modi eos eos alias. Labore cumque ea itaque sit quod molestias.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...