Why it’s a bad idea to transfer your US IRA to your Canadian RRSP ep#29 On episode #29 of Crossing the 49th Podcast, we discuss why transferring your IRA to an RRSP might not be a good idea. Understanding Why You Should Think Twice Before Transferring Your IRA to an RRSP | Cross-Border Tax and…
ROTH IRA for Canadians and Newcomers to Canada Key Points Roth IRAs offer tax-free growth and withdrawals in the U.S., but Canadians face unique tax considerations. The Canada-U.S. tax treaty may protect Roth IRA earnings from Canadian taxation if handled properly. Reporting a Roth IRA on Canadian tax returns is essential to avoid penalties and…
Moving from Thailand to BC Question Hi Phil, My name is XXXXX. Thank you for your emails. I was born in Vancouver, BC in 1955 to UK parents who moved to Washington DC in 1967 to work. After high school and a BA degree on the East coast, I completed 2 masters degrees at the…
Tax Treaty Articles every US Expat should know – Pensions The Canada-US tax treaty can be quite complex and difficult to understand if you don’t have a lot of experience in interpreting the treaty and applying treaty rules through income tax return elections and forms. In very general terms the tax treaty was negotiated between…
Cross Border Tax Topics – The Wealthy Life Appearance A big thanks to Sybil Verch and the crew at the Wealthy Life for having us down for the show. Although the segment was relatively brief we were able to touch on a few key cross border tax and investment topics: General Tax and Compliance Considerations…