Serbinski Accounting Firms

I am being told that NJ does not honor federal tax treaties - https://apps.irs.gov/app/vita/content/0 ... 01_001.jsp

And RRSP is not a qualified investment fund as defined by NJ Rev Stat § 54A:5-1. 54A:6-14

@nelsona

What I am told is that NJ does not honor federal treaties - https://apps.irs.gov/app/vita/content/0 ... 01_001.jsp

And RRSP income is not a qualified investment income as defined by NJ Rev Stat § 54A:5-1. 54A:6-14

@nelsona Can you provide any link or pointers on this? - My tax filing is done by one of the big 4 accounting firms and their position is that RRSP income is taxable in NJ. Is there a explicit tax code that either indicates that NJ is following the Fed statutes on RRSP income or that they are overri...

Thank you @nelsona for your quick response. I did understand that best tax outcome can only be achieved by withdrawing as a non-resident, I was only looking at the timing of it. Now vs. gradual vs. just before becoming a Canadian tax resident again (may not happen as well) From your response, I see ...

Situation - A couple has about US$900k in RRSPs and DC Pension - and cost has been reset before moving to the US and has since appreciated by US$100k. (Understand withdrawals can't happen in DC and need to be converted to LIRA and then unlocked.) US income - MFJ - ~$400k. 1. Is there any withdrawal ...