Serbinski Accounting Firms

[quote] You do of course owe US tax on any of the internal growth of the TFSA, plus may be subject to PFIC tax on the assets within the TFSA. [/quote]

Does internal growth here include "Non-realized capital gains"

Yes sorry I meant that I should NOT keep dividend paying stocks in the TFSA.

[quote] abide by trust (3520) and FATCA reporting on this account. [/quote]
Sounds good, I'll make sure to report them correctly.

[quote]you cannot keep any other investment accounts in Canada[/quote]
Sorry, so that ...

Hey,

Sorry just to be absolutely clear I understand this correctly:

If my TFSA has stocks which pay out not dividend but double in value over my time in the US, but I don't sale or make any trades. I will not pay any taxes.

But if my position pays out a dividend, I will pay taxes on that ...

Hi,


[quote]You CAN keep a TFSA when in US, but it does not have tax-free status in US[/quote]
When you say it doesn't have a tax free status, is tax incurred only on realized gains or unrealized gains? if I can keep my TFSA and just not realize my gains over my time in the US to avoid capital ...

Hi!

I'm talking with a friend about working for his company in California, I am based in Ottawa. I would apply for a TN Visa and move down there, ideally.

The problem I'm facing is that I have a TFSA account which is maxed out and has a current value of 110K+. I've read that I NEED to liquidate ...

Hi!

I'm talking with a friend about working for his company in California, I am based in Ottawa. I would apply for a TN Visa and move down there, ideally.

The problem I'm facing is that I have a TFSA account which is maxed out and has a current value of 110K+. I've read that I NEED to liquidate ...