Serbinski Accounting Firms

So another problem has come up - RBC is investigating whether I should file the W-9, and whether my account should be coded as a US resident. In the meantime, however, my account is still coded as Canadian (address has not been changed). According to them, I would be subject to backup witholding if ...

I am now proceeding with liquidating my TFSA. However, something else has come up: RBC wants me to fill out a W9 form and code me as a US resident, since I am on a TN and will be in the US for over 6 months. They say I will/may have to pay a withholding tax of 24% to the IRS if I do not submit the W...

nelsona wrote: > 6. RRSPs are specifically exempt from PFIC rules. TFSAs are not which > would be another important reason to empty the TFSA NOW. Like TODAY. Thank you very much for your reply - it's helpful, just like the other replies I've seen you make. One follow up: does emptying the TFSA entai...

I moved to California on a TN Visa in the middle of October this year on an intra-company transfer. Unfortunately, I did not think to check the tax implications before I left, so my Canadian accounts (TFSA, RRSP) are still intact. The one that concerns me the most is the TFSA (~60k CAD), which every...