Serbinski Accounting Firms

Thanks for the clarification Nelson!

Follow up question. Assume that book value is low and one wants to increase book value to match market value. Can you just sell your current stock in company A and rebuy that stock on the same day? Are you required to buy stock in a different company? If so how long are you required to hold it for? ...

When you say book value are you talking about the cost basis of a stock or the market value of the stock on the day they get their green card. They put lots into Tesla so the cost basis would be very low while the actual value would be very high. Restating the above say there is one share in the RRS...

Wouldn't your company just convert you to Canadian payroll and pay you in Canadian Dollars? I would assume that there are legal issues for the company if they don't withhold local payroll taxes etc.

My parents have several millions of dollars in RRSPs. They are both in their late 60s. I am a dual Canadian/USA citizen and I am considering sponsoring them for green cards. One of their main concerns is how this would effect their RRSP and other assets. I read here: https://forums.serbinski.com/vie...