Search found 2 matches

by Diddos
Fri Mar 19, 2021 8:22 am
Forum: Canada / United States Tax & Accounting
Topic: Dual Citizen US resident - tax concerns in first year back?
Replies: 4
Views: 2385

Re: Dual Citizen US resident - tax concerns in first year back?

dualblues wrote:
> Thanks for your support!
>
> I am a dual citizen, US resident of 20 years, returning to Canada. Please
> help alleviate my concerns with respect to year 1 taxes in Canada (2021).
>
> 1) In the first half of 2021, I will earn salary and stock from my
> employer. I will also ...
by Diddos
Fri Mar 19, 2021 8:21 am
Forum: Canada / United States Tax & Accounting
Topic: Roth IRA withholding tax
Replies: 10
Views: 5134

Re: Roth IRA withholding tax

nelsona wrote:
> You need to file a 1040NR and get the tax back. It is not a foreign tax
> credit issue,
>
> Are you sure that your Roth withdrawals are not taxable? Unless you are
> 59.5 and your Roth has existed 5 years, it is possible that some of it is
> taxable.
>
> And remember to add the ...