Serbinski Accounting Firms

nelsona wrote:
> Ok. RESPs and TFSA are NOT PFICs
>
> The investments within them certainly can be PFICs

That makes it very clear :)

Thank you both for the wealth of information.

ND wrote: > RRSP - no forms > RESP - no forms (if under $100k for family member limit) but include RESP > income on 1040 > TFSA - if posit it's not a foreign trust, no forms and answer 'no' on Sch > B, if report like a foreign trust, file 3520/3520-A and make sure not to be > even one day late, answ...

Hello,

Can someone summarize what forms need to be filed every year with respect to RRSP/TFSA/RESP for a Canadian citizen living and working in USA and how much does it usually cost to hire a cross border tax specialist?

Thank you !

Thank you sir !!! Something interesting I just came across (you probably know this ) https://polaristax.com/resp-and-rdsps-but-not-tfsas-exempt-from-us-information-reporting-requirements/ To Summarize : 1. I have to close both mine and my spouse's TFSA (in red ) [ Just curious...what happens if i le...

and if I sold my primary residence before moving, is there any capital gain payable to CRA or can I move my funds to US to aid down payment for a home 2-3 yrs down the lane. Just trying to figure out my options.

Nelsona, if I decided to reside in the state of WA (as suggested by you), By when should I liquidate my TFSA (all in neg returns ATM). Can I leave my RESP's to grow or should they be liquidated as well? How long will I be considered a Non Resident alien for US tax purpose if i reside in US? Thanks a...

I am currently in Quebec ...I believe BC taxes are slightly better off...hence the optimism :)

Thank you Nelsona for the quick reply. I was really hoping you would reply. I did consider moving to Seattle area with the family. I used to live in the northern Seattle area back in the day when I was single. Truly enjoyed the "no state tax" :) Unfortunately I'm in a volatile field (Aeros...

Hello ! I have a job offer in the northern Seattle area. I will be on TN status. I plan on relocating to southern BC and commuting everyday. Plan to have my family and kids in southern BC (white rock/south surrey area) I have the following questions 1. Am I right in understanding that as a daily com...