Search found 4 matches

by Pierrem
Sat Mar 09, 2019 10:32 am
Forum: Canada / United States Tax & Accounting
Topic: Canadian RRSP withdrawal and Foreign Tax Credit in US
Replies: 7
Views: 2633

Re: Canadian RRSP withdrawal and Foreign Tax Credit in US

Nelson, if the age can make a difference in tax to pay, I'll be 60 in few months and my wife is 54. I'm thinking to transfer another RRSP I have - not the one I already withdrawn - to my wife, to her RRSP , beeing with the same financial institution. Once done, she can retire - no Canadian tax, as y...
by Pierrem
Tue Mar 05, 2019 9:17 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian RRSP withdrawal and Foreign Tax Credit in US
Replies: 7
Views: 2633

Re: Canadian RRSP withdrawal and Foreign Tax Credit in US

Nelson, I really appreciate your profesionalism. All the Canadians with RRSP should read this and let the money there. At the time I did the withdrawal, everywhere on net on all kind of sites - lawyers and tax profesionals - was written that the best moment to withdraw is as a US resident because yo...
by Pierrem
Mon Feb 25, 2019 11:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian RRSP withdrawal and Foreign Tax Credit in US
Replies: 7
Views: 2633

Re: Canadian RRSP withdrawal and Foreign Tax Credit in US

Thank you Nelson. As I'm US resident all the year, working and leaving in US, how to generate income in Canada ? supposing I would have other RRSP and retire only 10000 USD - I would pay 2500 tax to Canada being US resident- do I have to declare the 10K in my US taxes ? is confusing to me as 10K you...
by Pierrem
Sat Feb 16, 2019 1:07 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian RRSP withdrawal and Foreign Tax Credit in US
Replies: 7
Views: 2633

Canadian RRSP withdrawal and Foreign Tax Credit in US

What about the treaty with Canada art. 24 - elimination of double taxation. I have a remaining foreign tax credit caryover the next years but not foreign income for the next years. How to use it ? I compared both Deductible and take a Foreign tax Credit, and with the second solution is better for ta...