Search found 3 matches

by Crossbordercanuck
Thu Jul 23, 2020 10:44 am
Forum: Canada / United States Tax & Accounting
Topic: Contributing to RRSP as US resident
Replies: 5
Views: 695

Re: Contributing to RRSP as US resident

Thanks nelsona! Would you be able to suggest any such brokerage companies in Canada that allows non residents to open an account? I had Questrade margin account that I had to close when I moved to the US. Same for an Interactive Broker Canada account. Otherwise my only other choice is to convert fro...
by Crossbordercanuck
Wed Jul 22, 2020 10:47 am
Forum: Canada / United States Tax & Accounting
Topic: Contributing to RRSP as US resident
Replies: 5
Views: 695

Re: Contributing to RRSP as US resident

Okay that makes sense. My primary motivation for investing in RRSP is to avoid converting already existing CAD savings to USD and investing it in the US. But I totally understand the inability to deduct income on the contribution and the need for taxation afterwards would be the negative drawback of...
by Crossbordercanuck
Tue Jul 21, 2020 3:37 pm
Forum: Canada / United States Tax & Accounting
Topic: Contributing to RRSP as US resident
Replies: 5
Views: 695

Contributing to RRSP as US resident

Hi, I have contribution room available for my RRSP. I was wondering if I can open up an RRSP account as a US resident and contribute to my RRSP? Would there be any US tax issues either now or in the future? I’ve been reading some conflicting information that one should not contribute to RRSP as US r...