Search found 5 matches

by garya505
Wed Feb 14, 2024 12:53 pm
Forum: Canada / United States Tax & Accounting
Topic: Confusion on making a Section 217 election
Replies: 13
Views: 5331

Re: Confusion on making a Section 217 election

nelsona wrote:
> No, becuase she lives in canada and repoets all income.

No my sister is a US citizen and has never lived in Canada.
by garya505
Tue Feb 13, 2024 2:51 pm
Forum: Canada / United States Tax & Accounting
Topic: Confusion on making a Section 217 election
Replies: 13
Views: 5331

Re: Confusion on making a Section 217 election

Old thread so I don't think I'm hijacking. Would this Section 217 apply in this case?:
viewtopic.php?f=2&t=472969&p=530115#p530115
by garya505
Mon Feb 12, 2024 3:12 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen looking for advice on how to get assets out of Canada
Replies: 6
Views: 450

Re: US citizen looking for advice on how to get assets out of Canada

nelsona wrote: > Why would she need to transfer it? That would be SELLING it to you, or > COLLAPSING the accounts. No, she is not selling it to me. She wants to get it out of Canada, either by an in-kind transfer to Computershares US or by simply withdrawing it. She doesn't need the cash now, but sh...
by garya505
Sun Feb 11, 2024 3:50 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen looking for advice on how to get assets out of Canada
Replies: 6
Views: 450

Re: US citizen looking for advice on how to get assets out of Canada

nelsona wrote:
> What do you mean exactly by become a "custodian"? HER custodian,
> or the accounts custodian.

Account custodian, like Vanguard, Fidelity, etc. in this case Computershares Toronto has it.
by garya505
Sat Feb 10, 2024 3:01 pm
Forum: Canada / United States Tax & Accounting
Topic: US citizen looking for advice on how to get assets out of Canada
Replies: 6
Views: 450

US citizen looking for advice on how to get assets out of Canada

We're US citizens living in the US. I'm trying to help my sister with a question about moving Canadian assets to a US custodian. My sister owns an account that she inherited from her husband when he passed away. I don't know the exact kind of account. I'm trying to get more details. She's not comput...