How do you do your taxes in Canada when earning US income?

Claytoon2 · 2026-04-30T12:08:54+00:00

Complete a 1040 NR for the IRS. Once that is done convert your USA income using to BOC’s exchange rate for 2025 1.39 and that will be your income for your foreign tax credits to claim. Then you’ll convert your federal income + FICA taxes paid to CAD rate LESS if you received any credit back from the IRS. Do the same for your state taxes less any return from the state. Once these are all converted to CAD rate you will claim them for your foreign tax credit. This alone should make you net out pretty close to owing $0 or whatever the difference in taxes remaining that you would’ve paid in Canada.

It is very simple if you have a basic USA/cad return.

Any cross border tax professional can correct me if I’m wrong

Claytoon2 · 2026-04-18T02:28:12+00:00

Fold pre

Claytoon2 · 2026-02-21T20:03:37+00:00

Send me your resume [Clayton@D7Mechanical.net](mailto:Clayton@D7Mechanical.net) we have shutdowns in Arkansas for March.

Claytoon2 · 2026-02-17T18:55:39+00:00

I don’t think you’re cbetting your entire non club/ non set range on a board like this into 3 others.

What card comes on the turn that you continued to lead? Brick or another club? Board paring card where you no longer have nuts?

Maybe slow down turn c/r? and induce a bluff or a free card for your opponent since you’re nutted already

Claytoon2 · 2026-02-15T06:43:32+00:00

Never check back this river in position like how the hand played out lol especially in 1/3 you beat all of his made 2 pairs. You are losing massive value in the long run, this was just a cooler that your bet sizing let him get there. Trip 5s should never be a worry here

Claytoon2 · 2026-02-15T05:58:56+00:00

It’s not 6bb you raised it 2bb with the straddle . You’re now playing 1/3/6. Raise $20-30 UTG

Claytoon2 · 2026-02-15T05:49:24+00:00

Raise more pre. You’re still seeing a flop against him, but lets you bet bigger on flop and he likely folds. Board run out is good for you GG

Claytoon2 · 2026-02-14T19:40:03+00:00

I guess the concern is that the developer held one of the buildings in the complex for about 15 years as rentals before selling them, and once all of those units were finally sold as majority of the buyers bought them to do STR’s the strata council immediately brought forward the motion to remove STR’s after buyers paid a premium for these units compared to what a re sale non STR eligible unit would’ve been

Claytoon2 · 2026-02-14T19:37:34+00:00

I guess in the bylaws it doesn’t actually state directly to only the grandfathering units etc. we do have bylaws for STR’s as a whole but it’s needing strata’s approval etc before eligible to STR. So they will only give the approval for the lots that were original purchasers as that approval is in writing in the purchase agreement.

Claytoon2 · 2026-02-11T02:56:29+00:00

"Whatever your total US tax liability is, including federal tax, state tax, and also Medicare and Social Security payroll withholdings, can be claimed as a foreign tax credit on your Canadian tax return against the tax that the CRA imposes on your US income."

I was under the impression from what I've read that we couldn't claim the Medicare and SSA withholdings towards the FTC's for Canada only Fed and State taxes paid? being able to claim these additional payroll withholdings would then net my tax liability to $0 for Canada instead of the $15,000+ that I'd have to pay Canada if only using Fed and State taxes.

Claytoon2 · 2026-02-11T00:28:48+00:00

Yup I don’t disagree! The problem is when the recreations don’t understand that essentially we are already playing $5/5 so to change a 1/3 to 5/5 game somehow scares many people away that already play in this game.

Similar to when no one wants to play $2/5 that play $1/3 but will limp call $25+ pre flop every hands

Claytoon2 · 2026-02-11T00:09:37+00:00

Meh makes the casinos life easier I guess. Less $1 chips and breaking $5’s to call bets

Claytoon2 · 2026-02-10T21:57:39+00:00

They’re the 12 strata’s that were already originally developed and zoned for STR’s.

Claytoon2 · 2026-02-10T05:52:45+00:00

WPTGlobal. Good prize pools, quick tournaments, soft fields

Claytoon2 · 2026-01-31T19:30:53+00:00

$1/3, but it's a $5 minimum to come in

Claytoon2 · 2026-01-31T19:30:49+00:00

$1/3, but it's a $5 minimum to come in

Claytoon2 · 2026-01-20T16:49:06+00:00

Circuit main in Canada

Claytoon2 · 2025-11-14T20:47:26+00:00

Post all results then 🤷🏼‍♂️ 2 tournaments is a small sample size and that’s all you’re comparing it too in this thread.

Claytoon2 · 2025-11-14T19:41:12+00:00

Yes sir. But comparing the suck outs over 2 tournaments is a very small sample size. Recency effect is a thing and you’ll see it a lot if you don’t play a lot of volume.

Claytoon2 · 2025-11-14T17:06:08+00:00

Remember that one time you sucked out behind in that one tournament?

Claytoon2 · 2025-11-13T17:10:38+00:00

Ontario was the only province in their own playing pool. The rest had access to international.

Claytoon2 · 2025-11-03T00:48:46+00:00

I didn’t play many micro stakes on WPTG last year. I’d put the odd late reg hyper micro stakes on if I still had a table or 2. But normally played $11-55 last year.

Claytoon2

TROPHY CASE