Serbinski Accounting Firms

btw, it is quite likely that these dividends are qualified dividends, and may be taxable at a reduced rate in US, possible 0%. The ETF firm would know about this.

The taxrate should be 15%, but in any event, Case number 1 applies, simply including it with any other US tax that was withheld. This would have no bearing on her Cdn tax return. The RESP manager should be issuing a US tax slip

no

Looks fine.
On Line 1b simply put XVIII.5, and don't put any verbiage from the treaty in part 6,

Line 4 is N/A. You aren't using any LOB article.

I would clarify in 6 that "the income listed on 1040 line 6(a) is CPP/OAS, and is therefore not taxable in US for a Cdn resident."

Obvious spam. Get lost

Correct, a GIC is not a PFIC, but it certainly is taxable in US

You also have the choice of posting security, and then only paying the exit tax as you sell the investments (CRA Form T1244). If bumping up of cost value ends up being your only complication in your US return, I would think you would not need a tax specialist to do this. Rev Proc 2010-19 is pretty s...

I find it is best to either leave an IRA to a spouse, or leave it in the estate. Listing a whole bunch of beneficiaries on an IRA will be hard to manage. As to why you would prefer investments rather than IRA is that you will be taxed in canada on the entire IRA distribution over the following 10 ye...

First, your brother should probably simplify his IRA beneficiaries to 1 or 2 (if that: he could just leave it to the estate, and make any distributions in his will) Next, like he seems to realize, he should be giving you non-IRA holdings, excluding you from the IRA pot. The handling of inherited IRA...

Unfortunately, Yes. You should probably sell now or very soon after entering Canada; or *hope* that you can make a significant loss elsewhere in the two or three years before you do sell it (which is never good).

Not required to be a Cdn property.

i have seen conflicting articles on the 5-year from opening, but my understanding has long been that a new account requires the five-year rule.

Conversion ALSO require a five-year waiting period. And it is not only penalty, it is also possibly tax, if you afre pulling out earnings rather than contributions. Our original poster, if concerned, should be taking ONE of his accounts and putting it in the OTHER, not creating a brand new account. ...

This is a popular misconception. Every Roth account you open has a five-year clock.

Hopefully NB told yoy this, or they are simply fishing for your money.