Search found 2 matches

by JohnToFire
Sat Sep 02, 2023 2:16 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Departure tax and Roth IRA strategy
Replies: 3
Views: 1794

Re: Canadian Departure tax and Roth IRA strategy

>> I'd be interested in where you got your mis-information Thanks. Not sure Iagree it is misinformation at this point One place I got it is the link just below. But I recall seeing it in multiple places. https://www.taxintl.com/potential-pitfalls-for-canadians-with-a-roth-ira.html#:~:text=Also%2C%20...
by JohnToFire
Sun Aug 13, 2023 4:46 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian Departure tax and Roth IRA strategy
Replies: 3
Views: 1794

Canadian Departure tax and Roth IRA strategy

Best I can understand is there is some uncertainty whether the assets in a Roth IRA are subject to Canadian departure tax even though there is a clear option to elect to defer taxation in Canada (and therefore in the same cases as the US not be taxed). So I have an idea for a strategy: (More than 5 ...