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This has got to be the best explanation out there. After scrolling through unnecessary filler videos this was truly a breath of fresh air💗 the perfect explanation
I have a cottage in which I run as an Airbnb. They are asking for the W-8BEN otherwise the IRS may withhold %30 of my income. So glad to watch this and put my mind at ease. Thanks so much!
This video is SO helpful! I've searched for instructions for this form last year and last week...and both times your video was the only one that made sense (I've now saved it to my search bar to make it easier in the future😅). Thank you!
This was what I was looking for. My search had a hard time finding this exact info. Thank you for making this so I could feel more confident that I was submitting the correct form... correctly.
So glad to found this video. Your explanation is the clearest and shortest among others haha... Immediately I get the big picture. Extremely thankful to you dear
Thank you for making this video, there is definitely a need out there to help Canadian content creators with the IRS tax requirements, and very few videos that actually help. Just sent my W-8BEN forms into RUclips. Been trying to sort out the withholding tax for my wife and I for some months now as we formed a partnership.
Thank you so much for your video! I had never filled out a form like that before and I was so confused. You saved me an extra hour or two of research, really appreciate it!
Thank you for clarifying this. I invest in my TFSA and I have American companies that pay out dividends and my bank was asking me to fill this form on their website. Hardest part now will be to find the form in the list! Thank you again! :)
Hi Sunny, thank you so much for this video! This form has been stressing me out BIG time. I have a couple questions: - do I need an ITIN? Or just the FTIN? - What’s the difference? I had no idea the FTIN was just my SIN number, so that’s really helpful!
Glad it helped! Don't forget to click the link in the description and sign up for my free tax tips - I have a lot of great stuff coming up, particularly for self-employed Canadians. - Sunny☀️
This was so helpful! So when I report the income that was not pre-taxed in usa, I simply convert it in CAD and report it? Also I had some US income before that was that was taxed in the US already, so how do I report that ??
This is immensely helpful, but I have seen another video claiming if that payor is not intending to withhold tax (e.g. non US source income), you can leave Part II blank, as it's not subject to any tax treaty. Can you please help clarify?
Thank you for explaining so nicely. I am from Pakistan and my client is also asking for this form. But i am confused about what i fill out question 10 because i don't know the tax treaty percentage of the USA with Pakistan
The country you enter where I said 'Canada' would be 'India'. The tax identification number where a Canadian would enter their SIN, would be whatever numbering system the Indian tax system uses to identify you. - Sunny☀️
Hi! I have a question :) What happen if I’m residing in Canada (I just move) but I’m a citizen from Colombia… do I need to use the SIN or my passport? As foreign identification
Thanks for the concise and helpful video - you earned my subscription. Will the IRS get my info when I fill out this form? Being in Canada, I usually try to avoid government involvement when dealing with US clients.
Normally the payer just keeps this document on file so they can defend the fact that they're not withholding tax for you, if the IRS ever challenges them on it. The IRS doesn't get this document unless they demand to see it from your US payer. If the IRS makes that demand, they're obliged to hand it over. Thanks for subscribing! 😁
How come we skip Question 10? As a songwriter, singer, rapper, and engineer who is trying to collect royalties for songwriting, would I need to fill this in or no?
Hi Sunny. Thanks for the video. I currently have a work permit and SIN number in Canada, but I have citizenship from Iran, not Canada. Could you please help me which country I should mention in line 2? Is it ok to mention Canada as my country of citizenship because there is no choice for Iran on RUclips?
Glad to have come across your video, but wondering if it applies to me, Im starting an affiliate marketing business in which the affiliates I'm promoting are in the US. I'm referring to BlueHost in particular. future possible purchasers could/would be from all over the globe. I'm not set up as a business yet (not sure which way and how I should do this) so the 2nd part of my question is . . . or do I need to do the W8 Bene (BTW, I'm in Ontario), TY in advance!
Do you have a video that talks about the W-8BEN-E? I am specifically interested to know more about Part III Claim of Tax Treaty Benefits for a Canadian corporation
Not yet! the W8BEN-E is for corporations and other non-human entities, and it has a lot more options. But subscribe, and if I ever do put out a video about that, you'll know. -- 💗🌞
I am a Canadian citizen travel nursing in the U.S. The first half of the year I worked in Canada and since May I have been doing travel assignments in New York State. I am also working casual in my Ontario hospital between assignments. To further muddy the waters, I retired in May so I also collect a decent pension. I am not looking forward to tax time. I was told about an IT203 for NY state tax exemption but I really don't know where to start. Do I do my U.S. income tax first with my IT203 then once done submit it all to Canada? Any guidance you can offer would be appreciated.
Tax residency is complicated! We can do a consultation to determine your situation and requirements. Visit our website (in the description) and send your quesiton via the Contact form. Maybe we can help. ❤🌞
Thanks for the video! What do you put for Line 7? I see you have answered twice already, but I still seem confused. "Line 7 is a reference number for your own files, or for the files of the US payer. You can leave it blank." "Yes, usually. But read the instructions that come with the form carefully to make sure it doesn't apply to you.
You can leave it blank. Big organizations may have several of these forms floating around, and need their own internal system for keeping track of them. They might put in some kind of reference number here. It's like if you've ever sent something via courier, and there's a space for a reference number that means something to you, but nothing to the courier. Or like the memo line on a cheque.
Well thanks for the nice video it really does helps me to understand it but i have a question am a south sudanese and i don't have a tax number how can i fill the W8-BEN????
You may have to apply for an Individual Taxpayer Identification Number, or ITIN. The IRS has a form for this, and it essentially collects your identifying information and assigns you a number in the IRS system so they know who you are. Google IRS Form W-7.
Only if someone is withholding tax on the income you're earning there, tax that would not be withheld if you were a foreign entity. Either way, you almost certainly are legally liable for tax on any profit you earn on the property, because it's an asset located in the US. I'm not a US accountant, but I can say that in Canada, your 'I am a foreign tax resident' declaration would actually *trigger* a tax withholding that is specifically for foreigners earning profit from an asset held within the country.
Hi dear thanks 🙏 iam a singer songwriter from France my digital royalties collector as me to file this form I put France 🇫🇷 and on 10 I just put to claim a 0 % rate withholding
If you have another recognized country's tax identification number, just fill in the international one and leave the US one blank. If you don't have another country's identification number, apply for an Individual Tax Identification Number (ITIN) by completing IRS form W-7 and they will assign one to you.
The form asks for the Canadian's U.S. tax identification number on line 4, but the video doesn't address this issue at all. I am the treasurer for a small U.S.-based association of language professors, and we just had a Canadian resident give the keynote speech at a recent conference. Does the Canadian professor really need a SSN or TIN to complete the W-8BEN? She has no fixed base in the U.S.
Thank you so much! It feels easier now. I am from Mongolia and I am getting a new job as contractor from US. And my country and US doesn't have tax treaty benefits do I still fill the form just like the way you explained here? Does it mean they will withhold 30% of my payment? Do I still fill question 9? I am not US citizen or I have never been to US.
Filling out the form as shown in the video is essentially making a declaration that you're not a US person (citizen or resident) and therefore aren't subject to US tax. So long as you're outside the US, I don't think there's going to be a conflict even if Mongolia doesn't have a treaty with the US. Anyway it can't hurt to try. Not sure how much they'll withhold without it -- I'm Canadian, not American! :)
Hello.. I need help please .. I’m am a Barbadian who lives in Barbados but my mom was a resident in the US and sadly she’s has recently passed away. She had an annuity which my siblings and I are the beneficiaries. After submitting the forms for the claim they were denied because we don’t have SSNs and were told we have to complete a W-8BEN form. But I don’t know how to complete correctly. Please help me 🙏🏾
Hello Sunny, hope you are having a good time. I want to know in my case how to fill out the W8 BEN taking into account that I have lived in the United States for 3 months, recently married to an American citizen but I still do not have my residence or a work contract in the United States. The bank asks me to fill out this form to open my bank account.
It depends on whether or not you're subject to another country's tax laws or not. Only people who are subject to another treaty country's tax laws fill out the W8Ben. Assuming you're originally from Canada, Canada would most likely NOT tax you in this situation -- so you wouldn't fill out the W8Ben -- given that your spouse and domicile are in the US. But you should probably get a ruling about that from the Canada Revenue Agency (CRA). Look up the Canadian forms NR73 or NR74 (I forget which one is for entering and which is for leaving Canada). You can fill one out and send it to CRA to get a ruling one way or the other. Hope that helps! ❤🌞
Hi Sunny! Thank you so much for this video - a real time saver! I just wanted to make sure I understand correctly - if I am a French resident and got a one time earning coming from the US, I have to pay taxes in France and not in the US? Thank you in advance!
That is correct. For every country except the US (who have different rules), you pay income tax on world income based on whatever jurisdiction you make your home in.
![Wiz Khalifa - Khalifa's Home [Official Music Video]](http://i.ytimg.com/vi/wnrLCTe0Nz4/mqdefault.jpg)
FREE guide to the GST/HST: bit.ly/3VbnanX
Business Deductions Guide: bit.ly/3rFjLA5
Did you know Personal Tax Advisors files your GST/HST for free?
Learn more: bit.ly/3RLrd7i
Do you have an email to contact you ?
This has got to be the best explanation out there. After scrolling through unnecessary filler videos this was truly a breath of fresh air💗 the perfect explanation
Thanks. I was overwhelmed reading the instructions
thank you sooo much, this was beyond helpful! I was so overwhelmed by the form until I found this video!
Awesome video! Its amazing how you put it. Made it so simple for all of us who were stuck.
Amazing video. So quick and specific, you really saved me a lot of time here!
The best explanation I was searching for in 2024 😀 Thanks Sunny
I have a cottage in which I run as an Airbnb. They are asking for the W-8BEN otherwise the IRS may withhold %30 of my income. So glad to watch this and put my mind at ease. Thanks so much!
You're very welcome!
Wow! This was so helpful. I'll admit, I was overwhelmed when the 'IRS' name gets thrown around, but this immediately brought some peace.
That reaction is EXACTLY why I do these things. I'm so glad I brought your blood pressure down a few points! . -- 💗🌞
This video is SO helpful! I've searched for instructions for this form last year and last week...and both times your video was the only one that made sense (I've now saved it to my search bar to make it easier in the future😅). Thank you!
Thank you so much for this video. I saw those treaty documents and was lost immediately. Thanks for being concise and informative🙏🏾
This was what I was looking for. My search had a hard time finding this exact info. Thank you for making this so I could feel more confident that I was submitting the correct form... correctly.
So glad to found this video. Your explanation is the clearest and shortest among others haha... Immediately I get the big picture. Extremely thankful to you dear
Thank you for making this video, there is definitely a need out there to help Canadian content creators with the IRS tax requirements, and very few videos that actually help. Just sent my W-8BEN forms into RUclips. Been trying to sort out the withholding tax for my wife and I for some months now as we formed a partnership.
Thankyou for this video, i had my first US client and was so nervous but this walked me through what i had to do easy. Thankyou.
It helped me! As a freelancer, a client to pay me asked me to fill it.
Thank you so much for your video! I had never filled out a form like that before and I was so confused. You saved me an extra hour or two of research, really appreciate it!
Short, Comprehensive, and straight to point!
Great thumbnail -- it was reassuring right off the bat! Great video. Thank you
Thanks for the concise and clear explanation! Helped me fill out my W-8BEN form.
Thank you! That is exactly what I needed, and you simplified it!
Best video on this subject I found exactly what I was trying to figure out
thank you so much for explaining! I was terrified about filling out this form wrong, but that was really helpful!
Glad I could help 😀
People living in Canada, who develop applications for iphone DO need to fill out this form. thanks for the info
holy moly this was incredibly simplified and helpful, thank you very much
thanks for breaking it down and explaining this :)
Thank you, that was just the information that I needed!
This was incredibly helpful!!! Thank you so much!!!
You're welcome!
This was 100% what I needed.. life saver thank you
this really helped me understanding the form as UAE resident
Thank you so much for explaining, the IRS website just confused me when I tried to get info
The IRS can do that. They don't mean to, it just...happens 😁
you’re a life saver, thank you so much
Thanks for your information, it was really helpful completing my W-8BEN. I really appreciate your help.
Thanks you are every helpful on this issue
Glad to help :)
This was a major help to me! i was so confused by question 10 haha.
Happy to help. - Sunny☀️
Thank you for clarifying this. I invest in my TFSA and I have American companies that pay out dividends and my bank was asking me to fill this form on their website. Hardest part now will be to find the form in the list! Thank you again! :)
Glad it was helpful!
I thought with tfsa the withholding tax cannot be waived, only in RRSP.
EXACTLY what I needed - thank you.
Thank you so much! But what do we put as reference numbers?
LOVE this. This form was stressing me out!
My pleasure! Be sure to check out the description and sign up for my tax tips. Lots of great stuff coming up for self-employed Canadians! - Sunny☀️
Super helpful and very straightforward. Thank you so much Sunny!
Any time! ❤🌞
Thanks alot, I was losing my mind, I didn't know how to sign it
Yep this was perfect and to the point- thanks.
SIMPLE DIRECT ... LOVE IT! THANKS !!
Thank you so much for this video. It helps me a lot!
Hi Sunny, thank you so much for this video! This form has been stressing me out BIG time.
I have a couple questions:
- do I need an ITIN? Or just the FTIN? - What’s the difference?
I had no idea the FTIN was just my SIN number, so that’s really helpful!
The perfect explanation.🎉
straight to the point. thank you
You are amazing! Thank you! This was so quick and easy.
Glad it helped! Don't forget to click the link in the description and sign up for my free tax tips - I have a lot of great stuff coming up, particularly for self-employed Canadians. - Sunny☀️
Many thanks, Sunny! It really helped.
SUPER HELPFUL! Thank you
What an excellent video! So much value!
Thank you so much. This is very helpful
This was so helpful!
So when I report the income that was not pre-taxed in usa, I simply convert it in CAD and report it?
Also I had some US income before that was that was taxed in the US already, so how do I report that ??
Thank you, that is very helpful.
This is immensely helpful, but I have seen another video claiming if that payor is not intending to withhold tax (e.g. non US source income), you can leave Part II blank, as it's not subject to any tax treaty. Can you please help clarify?
Thank you for explaining so nicely. I am from Pakistan and my client is also asking for this form. But i am confused about what i fill out question 10 because i don't know the tax treaty percentage of the USA with Pakistan
Thanks for sharing. It really helps me out. I have the same question that you talked about at the beginning. The only diff is, that I am from India.
The country you enter where I said 'Canada' would be 'India'. The tax identification number where a Canadian would enter their SIN, would be whatever numbering system the Indian tax system uses to identify you. - Sunny☀️
@@personaltaxadvisors It will be the PAN number.
Please where are you sending the form to after filling
Pls if u get an answer let me know too🙏I don't know how to submit it
Thanks Sunny!
Many thanks. You are amazing.
Thank you so much! So helpful.
Amazing video!! Super helpful!
Hi! I have a question :) What happen if I’m residing in Canada (I just move) but I’m a citizen from Colombia… do I need to use the SIN or my passport? As foreign identification
Olá moça boa tarde. No meu caso eu sou brasileiro, posso usar esse formulário???
Thanks for the concise and helpful video - you earned my subscription. Will the IRS get my info when I fill out this form? Being in Canada, I usually try to avoid government involvement when dealing with US clients.
Normally the payer just keeps this document on file so they can defend the fact that they're not withholding tax for you, if the IRS ever challenges them on it. The IRS doesn't get this document unless they demand to see it from your US payer. If the IRS makes that demand, they're obliged to hand it over. Thanks for subscribing! 😁
@@personaltaxadvisors excellent explanation, I've just subscribed as well!
Well that took my stress away😄
I'm so glad. That's what I'm here for!
Thanks! That was very helpful! :)
You're awesome thank you! Quick and right to the point. That's a like from me Sunny :)
for line 6a can we use an ID number from the country example Colombia ?
How come we skip Question 10? As a songwriter, singer, rapper, and engineer who is trying to collect royalties for songwriting, would I need to fill this in or no?
Hi Sunny. Thanks for the video. I currently have a work permit and SIN number in Canada, but I have citizenship from Iran, not Canada. Could you please help me which country I should mention in line 2? Is it ok to mention Canada as my country of citizenship because there is no choice for Iran on RUclips?
Hi I'm in the Caribbean and I have stocks in the US and they told me to fill out a 1042s and 8-ben
I filled out the form as you said but RUclips still won't give me the tax break at 0% for a Canadian
Hi Can you please share other forms that the US company need to file in hiring an independent contractor from Canada
Do you still put your personal SIN number even if all the purchases will be made through a corporation?
Glad to have come across your video, but wondering if it applies to me, Im starting an affiliate marketing business in which the affiliates I'm promoting are in the US. I'm referring to BlueHost in particular. future possible purchasers could/would be from all over the globe. I'm not set up as a business yet (not sure which way and how I should do this) so the 2nd part of my question is . . . or do I need to do the W8 Bene (BTW, I'm in Ontario), TY in advance!
Hi, My only question is how can I sign the W-8Ben? It is requesting me a digital id
Do you have a video that talks about the W-8BEN-E? I am specifically interested to know more about Part III Claim of Tax Treaty Benefits for a Canadian corporation
Not yet! the W8BEN-E is for corporations and other non-human entities, and it has a lot more options. But subscribe, and if I ever do put out a video about that, you'll know. -- 💗🌞
Great, thanks Sunny!
I am a Canadian citizen travel nursing in the U.S. The first half of the year I worked in Canada and since May I have been doing travel assignments in New York State. I am also working casual in my Ontario hospital between assignments. To further muddy the waters, I retired in May so I also collect a decent pension. I am not looking forward to tax time. I was told about an IT203 for NY state tax exemption but I really don't know where to start. Do I do my U.S. income tax first with my IT203 then once done submit it all to Canada? Any guidance you can offer would be appreciated.
Tax residency is complicated! We can do a consultation to determine your situation and requirements. Visit our website (in the description) and send your quesiton via the Contact form. Maybe we can help. ❤🌞
YOURE THE BEST!!
Thanks for the video! What do you put for Line 7?
I see you have answered twice already, but I still seem confused.
"Line 7 is a reference number for your own files, or for the files of the US payer. You can leave it blank."
"Yes, usually. But read the instructions that come with the form carefully to make sure it doesn't apply to you.
You can leave it blank. Big organizations may have several of these forms floating around, and need their own internal system for keeping track of them. They might put in some kind of reference number here. It's like if you've ever sent something via courier, and there's a space for a reference number that means something to you, but nothing to the courier. Or like the memo line on a cheque.
Very helpful. Thank you
Thanks - so helpful!
Well thanks for the nice video it really does helps me to understand it but i have a question am a south sudanese and i don't have a tax number how can i fill the W8-BEN????
You may have to apply for an Individual Taxpayer Identification Number, or ITIN. The IRS has a form for this, and it essentially collects your identifying information and assigns you a number in the IRS system so they know who you are. Google IRS Form W-7.
That was helpful, thanks! Does the same steps apply if you own an investment property in the US?
Only if someone is withholding tax on the income you're earning there, tax that would not be withheld if you were a foreign entity.
Either way, you almost certainly are legally liable for tax on any profit you earn on the property, because it's an asset located in the US. I'm not a US accountant, but I can say that in Canada, your 'I am a foreign tax resident' declaration would actually *trigger* a tax withholding that is specifically for foreigners earning profit from an asset held within the country.
I don't know how to submit d form after filling,,,how do I submit pls I need urgent help on dis,, thanks
If I am 1099 and the company does not withhold any taxes do I need to send them a w8ben ?
This is very informative. Thank you ma'am. :D
My pleasure 😊
Hi dear thanks 🙏 iam a singer songwriter from France my digital royalties collector as me to file this form I put France 🇫🇷 and on 10 I just put to claim a 0 % rate withholding
I am a resident from UK, how do I fill in part II ???
Thanks
What should I do if HR doesn't accept or file this ?
Thank you maam for THIS video. although i have a question, what about a tax payer US payer Identification number? Do you leave it blank
If you have another recognized country's tax identification number, just fill in the international one and leave the US one blank. If you don't have another country's identification number, apply for an Individual Tax Identification Number (ITIN) by completing IRS form W-7 and they will assign one to you.
The form asks for the Canadian's U.S. tax identification number on line 4, but the video doesn't address this issue at all. I am the treasurer for a small U.S.-based association of language professors, and we just had a Canadian resident give the keynote speech at a recent conference. Does the Canadian professor really need a SSN or TIN to complete the W-8BEN? She has no fixed base in the U.S.
this form is not inpdf form,so not writeup any thing .what can I do?
Thank you so much! It feels easier now.
I am from Mongolia and I am getting a new job as contractor from US.
And my country and US doesn't have tax treaty benefits do I still fill the form just like the way you explained here?
Does it mean they will withhold 30% of my payment? Do I still fill question 9?
I am not US citizen or I have never been to US.
Filling out the form as shown in the video is essentially making a declaration that you're not a US person (citizen or resident) and therefore aren't subject to US tax. So long as you're outside the US, I don't think there's going to be a conflict even if Mongolia doesn't have a treaty with the US. Anyway it can't hurt to try. Not sure how much they'll withhold without it -- I'm Canadian, not American! :)
Hello.. I need help please .. I’m am a Barbadian who lives in Barbados but my mom was a resident in the US and sadly she’s has recently passed away. She had an annuity which my siblings and I are the beneficiaries. After submitting the forms for the claim they were denied because we don’t have SSNs and were told we have to complete a W-8BEN form. But I don’t know how to complete correctly. Please help me 🙏🏾
Hello Sunny, hope you are having a good time. I want to know in my case how to fill out the W8 BEN taking into account that I have lived in the United States for 3 months, recently married to an American citizen but I still do not have my residence or a work contract in the United States. The bank asks me to fill out this form to open my bank account.
It depends on whether or not you're subject to another country's tax laws or not. Only people who are subject to another treaty country's tax laws fill out the W8Ben. Assuming you're originally from Canada, Canada would most likely NOT tax you in this situation -- so you wouldn't fill out the W8Ben -- given that your spouse and domicile are in the US. But you should probably get a ruling about that from the Canada Revenue Agency (CRA).
Look up the Canadian forms NR73 or NR74 (I forget which one is for entering and which is for leaving Canada). You can fill one out and send it to CRA to get a ruling one way or the other.
Hope that helps! ❤🌞
Hi Sunny! Thank you so much for this video - a real time saver! I just wanted to make sure I understand correctly - if I am a French resident and got a one time earning coming from the US, I have to pay taxes in France and not in the US? Thank you in advance!
That is correct. For every country except the US (who have different rules), you pay income tax on world income based on whatever jurisdiction you make your home in.
@@personaltaxadvisors This is very helpful - thank you Sunny!
Thank you from Ukraine! Got two lessons - US Taxation and English!
Comprehensible input, baby!