Serbinski Accounting Firms

Thanks for the reply. Unless I'm missing something, if there is no distinction between resident vs. NR contributions, and withdrawals from pensions follow tax treatment in the US under the treaty, presumably the Cdn resident contributions would then not result in growth of the Roth 401(k) becoming ...

I am revisiting this topic around Canadian contributions to a Roth 401(k) as I worry that Article XVIII 3(b) might capture Roth 401(k) accounts in the "similar plan or arrangement" wording. If that interpretation is accurate, Canadian contributions would taint the Roth 401(k) account. Any thoughts ...

Thank you for the reply, very helpful.

I see your point. There is a reference in 1.27 of the folio to filing an election when no employer contributions are made. Despite the fact 1.28 clarifies that the entire plan would be an EBP so long as the employer contributes to the regular 401(k), there is ...

The IRS recently announced 401(k) catch-up contributions must be allocated to a Roth 401(k) for high income earners ($145k+) starting Jan 1, 2026.

I'm curious how this may impact Canadian residents with US Roth 401(k)s. My understanding was that CRA did not treat Roth 401(k) plans like Roth IRAs ...