Serbinski Accounting Firms

Hi Forum! Hope you can help me clarify an issue that arose when I tried to purchase the stock Amazon on the Neo exchange. This exchange deals with the CDRs--the Canadian Depositary Receipts. The CDRs offer the US stocks in CDN dollars and hedges the US/CDN monetary exchange. Here's the issue...my on...

Many thanks for the clarification!
Best regards!

Hi All, My CIBC bank recommended a Renassinance High Interest Savings account for my US Dollar account with the bank. The interest is much better, 3.5%, then what the CIBC US Dollar account offers. Can anyone tell me if the IRS will consider this a money market fund and as a passive investment will ...

Okay! Will visit the IRS website to see if I can find out what the tax rate might be and then try to figure out what my best option might be.

I doubt this is new topic to this forum! I will be selling my CDN principle residence in the near future and wonder if there are any strategies I should know to minimize my US tax obligation. I do know that I have no tax obligation to the CRA as it is my principle residence. I think I recall correct...

As a dual CDN/US tax payer are there tax implications for investing in the CDRs now trading on the NEO exchange in Canada. NEO warns that their product was not designed for US persons, but I believe they might be a good investment for a dual tax payer. Any guidance you can provide might be also of u...