Search found 4 matches

by dsze
Tue Dec 27, 2005 4:25 pm
Forum: Canada / United States Tax & Accounting
Topic: Choice of who to pay?
Replies: 1
Views: 2494

Choice of who to pay?

I'm not a Canadian resident yet, but I will continue to have contract income from US employers after I move. In paying my estimated taxes, do I have a choice of whether to pay Canadian or pay US? If each can be credited against the other, I assume that it will not increase or decrease my total taxes...
by dsze
Thu Jun 16, 2005 11:43 am
Forum: Canada / United States Tax & Accounting
Topic: Life insurance earnings taxed?
Replies: 3
Views: 5191

Life insurance earnings taxed?

I've seen lots of good discussion about 401(k) / RRSP taxability, but here's a different case. In the US, there are life insurance policies that let earnings grow tax deferred, such as variable life / universal life policies. The earnings are then taxed at withdrawal time (which may be years in the ...
by dsze
Fri Feb 04, 2005 4:01 pm
Forum: Canada / United States Tax & Accounting
Topic: No Canadian tax on IRA earnings?
Replies: 14
Views: 17918

And a followup question ... interest from municipal (US) bonds that are not taxable in the US ... I assume that they ARE taxable in Canada?

Thanks in advance

(Mostly trying to figure out how Canadian and US taxes are going to work differently on my investments)
by dsze
Thu Feb 03, 2005 10:27 am
Forum: Canada / United States Tax & Accounting
Topic: No Canadian tax on IRA earnings?
Replies: 14
Views: 17918

No Canadian tax on IRA earnings?

I guessed this from reading other posts, but didn't find one that directly addressed it. I am a US citizen in the process of becoming a Canadian resident. I have a substantial sized IRA (including my 401k's rolled over). The capital gains / interest in this account are not US taxable until I start w...