Search found 5 matches

by Sid
Tue Oct 20, 2020 11:01 pm
Forum: Canada / United States Tax & Accounting
Topic: Trading stocks in RRSP while Tax Resident in USA
Replies: 6
Views: 96

Re: Trading stocks in RRSP while Tax Resident in USA

you said " track it", meaning track when i buy and sell stocks?
by Sid
Tue Oct 20, 2020 10:55 pm
Forum: Canada / United States Tax & Accounting
Topic: Trading stocks in RRSP while Tax Resident in USA
Replies: 6
Views: 96

Re: Trading stocks in RRSP while Tax Resident in USA

Thank you Nelson for a reply. I am not sure if i understand correctly. Can you please tell me if i can buy/sell in RRSP while a tax resident in USA, , and if i have any gain from selling the stocks, I wont be paying tax on that year, but only when i withdraw funds in the future when i retire? So why...
by Sid
Tue Oct 20, 2020 1:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Trading stocks in RRSP while Tax Resident in USA
Replies: 6
Views: 96

Re: Trading stocks in RRSP while Tax Resident in USA

It was a hypothetical question. When you are on a work visa, it is not your choice to stay in one country if you lose your job.
by Sid
Tue Oct 20, 2020 11:01 am
Forum: Canada / United States Tax & Accounting
Topic: Trading stocks in RRSP while Tax Resident in USA
Replies: 6
Views: 96

Trading stocks in RRSP while Tax Resident in USA

Can a person trade stocks in RRSP while being a tax resident in the USA? do you need to report any dividends to the IRS even if you don't withdraw any funds? My understanding is capital gain you don't report until you withdraw funds when you retire, not sure about dividends. Also, lets say in year o...
by Sid
Sat Oct 17, 2020 6:41 pm
Forum: Canada / United States Tax & Accounting
Topic: RRSP, TFSA, non registered brokerage account
Replies: 1
Views: 158

RRSP, TFSA, non registered brokerage account

Hello Everyone, I have been reading different posts about this topic, but the posts are few years old, i was wondering if anything changed.I am Canadian citizen, will be working on TN starting January 2021. I understand that the experts are suggesting to close down the TFSA and Non registered accoun...