It really has crept up on me, but US taxes are due in just over a week. What makes it particularly challenging is I have a chunk of investment income that just is "foreign income." This is relatively easy to capture on CRA forms, but not the US forms, so I have asked for some clarification.
Anyway, I was up for hours getting downloading everything, and I think I have pretty much everything except I have to clarify a large dental bill my son incurred (and which insurance wouldn't cover). This only really matters for the CRA, so I don't have to panic about it.
Nonetheless, because investment income was higher than usual, I will have to work my way through the Canadian taxes in order to get an estimate on what I paid in order to claim this as a tax credit against my US taxes. So that means the next few days will get a bit hairy.
I did manage to get my Fbar form filed. While the form itself is not that complicated, getting the information together to figure it out takes forever. For some reason, the first time through it was rejected, likely because I was using a knock-off Pdf viewer and not Adobe, so it wasn't digitally signed correctly or something like that. But I went back through and now it has been filed successfully. This is the one with the highest penalties for non-compliance (potentially up to 10% of the foreign assets not declared), so it is always the first thing I submit!
And now back to the rest of the tax forms. Sigh...
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