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by Irving
Tue Feb 22, 2005 5:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Beneficiary IRA
Replies: 1
Views: 5272

Beneficiary IRA

Hello: I am a U.S. citizen/landed immigrant in Canada. Last spring, my father died and I inherited a beneficiary IRA (aboput 100k Canadian). In the U.S., you are only taxed on required withdrawls (which are based on my life expectancy--I am 38). My understanding is that Canadian tax law (under the t...