okay thanks. Much appreciated.
Not sure how that would work for 25% tax on over $200K CAD. ! :) not too confident I will get that recouped on the US side. :)
Search found 4 matches
- Wed Sep 16, 2020 12:43 pm
- Forum: Canada / United States Tax & Accounting
- Topic: apply for non-resident of Canada
- Replies: 22
- Views: 9119
- Tue Sep 15, 2020 6:04 pm
- Forum: Canada / United States Tax & Accounting
- Topic: apply for non-resident of Canada
- Replies: 22
- Views: 9119
Re: apply for non-resident of Canada
Okay, thanks for explaining it more :) (for my understanding then: Canada taxes me 25% then send the money to me in the US. Once I get it, when taxes are done, I report it on US taxes and get taxed based on US rates. I will then get credit for the 25% taxes I paid in Canada). I am uncertain how the ...
- Mon Sep 14, 2020 10:45 pm
- Forum: Canada / United States Tax & Accounting
- Topic: apply for non-resident of Canada
- Replies: 22
- Views: 9119
Re: apply for non-resident of Canada
I described it wrong. It is not technically a LIRA, it is a provincial pension fund. I was told by the financial institution that all I need to do is submit nr73, and they will tax me at 25% on the full amount, then transfer to overseas (us). I am not understanding that I will be taxed yet again in ...
- Fri Sep 11, 2020 7:06 pm
- Forum: Canada / United States Tax & Accounting
- Topic: apply for non-resident of Canada
- Replies: 22
- Views: 9119
Re: apply for non-resident of Canada
I am asking about NR73 processing time averages these days: I know years ago the processing time for CRA and the NR73 was quite quick. I did some google searches and information is really sparse. I need a NR73 in order to cash out my LIRA, once I move to the US in the next few months. Do you know wh...