Search found 6 matches

by yeezy_szn
Thu Feb 24, 2022 1:28 pm
Forum: Canada / United States Tax & Accounting
Topic: Withdrawing from TFSA as Non-Resident in US & Canada
Replies: 14
Views: 10337

Re: Withdrawing from TFSA as Non-Resident in US & Canada

nelsona wrote: > You are still a Cdn tax resident. I think that would make things easier like you said but I don't think I understand why I'd be a CDN tax resident since I don't have primary ties to Canada (home, spouse etc.). Is it because I still have secondary ties? (passport, bank accounts) I wa...
by yeezy_szn
Wed Feb 23, 2022 11:05 pm
Forum: Canada / United States Tax & Accounting
Topic: Withdrawing from TFSA as Non-Resident in US & Canada
Replies: 14
Views: 10337

Re: Withdrawing from TFSA as Non-Resident in US & Canada

ND wrote: > RE 'to submit the W9, but I'm wondering what are the implications of this?' > Providing a W-9 to Cdn bank will submit you to FATCA and 8938 reporting > requirements as your bank will share that info with IRS. Yeah that's what I figured. But I believe I am exempt from FATCA and 8938 repor...
by yeezy_szn
Wed Feb 23, 2022 11:03 pm
Forum: Canada / United States Tax & Accounting
Topic: Withdrawing from TFSA as Non-Resident in US & Canada
Replies: 14
Views: 10337

Re: Withdrawing from TFSA as Non-Resident in US & Canada

nelsona wrote: > Btw, I've never heard of ANY withholding tax on a TFSA withdrawal, neither > for a CDn resident, a US resident, or a resident of any other country. > > ASk them to show you what part of the tax act they are misinterpreting to > come up with this. Yeah I'm not sure what they are on a...
by yeezy_szn
Wed Feb 23, 2022 11:02 pm
Forum: Canada / United States Tax & Accounting
Topic: Withdrawing from TFSA as Non-Resident in US & Canada
Replies: 14
Views: 10337

Re: Withdrawing from TFSA as Non-Resident in US & Canada

nelsona wrote: > Technically, you are still resident of Canada, since you are not able to > claim US residency on F1 for a few years. This is GOOD for you, so insist > that youa re Cdn with all financial aspects if it suits you. > > This will also solve the cap gains issue. I see what you mean. Unfo...
by yeezy_szn
Wed Feb 23, 2022 2:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Withdrawing from TFSA as Non-Resident in US & Canada
Replies: 14
Views: 10337

Withdrawing from TFSA as Non-Resident in US & Canada

Similar to this question viewtopic.php?f=2&t=472339&sid=4a0ce02f ... a188ec0722, I am a Canadian citizen living and working in the US. I left Canada in 2019 and am currently working in US as a non-resident under a F1 visa. I'm technically a non-resident in both countries I believe - for the ...
by yeezy_szn
Wed Feb 23, 2022 2:14 pm
Forum: Canada / United States Tax & Accounting
Topic: Withdrawing from TFSA as Non-Resident in US & Canada
Replies: 0
Views: 53389

Withdrawing from TFSA as Non-Resident in US & Canada

Similar to this question https://forums.serbinski.com/viewtopic.php?f=2&t=472339&sid=4a0ce02fff89d785155559a188ec0722, I am a Canadian citizen living and working in the US. I left Canada in 2019 and am currently working in US as a non-resident under a F1 visa. I'm technically a non-resident ...