Recent content by owleroz

Fidelity usually let's you keep the brokerage account but you can't actively trade. They let you hold on to existing stocks but as a non-resident you can't buy new stocks. To make cross-border taxes simpler, you can transfer your stocks to a Canadian brokerage without having to trigger capital...

The best way to go about taxes would be to hire a cross-border tax professional that specializes in taxes for Canada and US. You can do it on your own as well but there are several considerations (contributions to 401k vs RRSP, etc.). You can google search for cross-border tax specialists. Most...

Ask the US brokerage for a statement that shows fair market value (FMV) for all your holdings on the date you move over to Canada. You don't have to sell your US holdings, they can be transferred to a Canadian brokerage. The FMV would then be used by your cross-border tax consultants to...

What if the applicant is a house wife with no job ?

How do I figure out what my processing office is ?

Hi Bakshivisal, Can you please share the steps (or checklist) you followed to get your OCI and passport surrender from Indian embassy in the US. Thank you.

Card shipped. But I have not received it yet.

Paper application. Date Received: March 29, 2023 AOR: June 21, 2023 Latest update: Final decision - June 21, 2023:Your application is in progress. We will send you a message once the final decision has been made. Does anyone know how long it takes after this stage for paper applications ? I...

Thanks for the details. Do they automatically check if you are enrolled in Nexus or do you have to provide the details ?

I am not a tax expert but I faced something similar while moving from US to Canada during my PR. Tax residency is not simply determined by amount of time spent in Canada or outside Canada. CRA also looks at ties to Canada if you are outside Canada for a while. I suggest asking a tax professional...

Looks like VFS requires a US passport for applications in USA. Their checklist specifically mentions US passport (as the only option) https://services.vfsglobal.com/one-pager/india/united-states-of-america/oci-services/#new-oci Thanks for your help.

Thank you, @abbas.pasha. Do you know if we can apply for OCI or Indian passport surrender from the US ? US BLS offices are faster for some reason.

After receiving Canadian citizenship, would it be possible to surrender Indian passport and apply for OCI in the US? Has anyone done this ? Thank !

@nrc1978, did you get any more information on applying for your OCI in India ? Would it be faster to apply for OCI or passport surrender from US (if it is allowed) ?

No issues unless you try to use the Nexus lanes until it has been fully approved.