Search found 6 matches
- Fri Mar 18, 2005 11:02 am
- Forum: Canada / United States Tax & Accounting
- Topic: No Canadian tax on IRA earnings?
- Replies: 14
- Views: 17871
Thanks again, I think. I see you are impatient with my apparent lack of comprehension. I am working on it. I hope you will explain the BHP plan you mentioned, in what circumstance it works and how the funds are invested. Sorry I wasn't clear on our situation, Nelsona. Your advice about my husband's ...
- Fri Mar 18, 2005 1:13 am
- Forum: Canada / United States Tax & Accounting
- Topic: No Canadian tax on IRA earnings?
- Replies: 14
- Views: 17871
I am already in Canadian stocks (income trusts and regular stocks) that I bought using US otc symbols online at my brokerage firms and I have foreign currency CDs (nz, aud, gbp) through Everbank. But when we have to take distributions in two years the dollars will be converted back to US prior to zo...
- Thu Mar 17, 2005 3:22 pm
- Forum: Canada / United States Tax & Accounting
- Topic: No Canadian tax on IRA earnings?
- Replies: 14
- Views: 17871
One reason I am thinking of transferring my husband's IRA to Canada when we land is that the US dollar depreciation may more than pay for the transfer since his age makes negates both penalties and the possibility of starting an RRSP. (Even though he is still working.) It is very hard to project the...
- Sat Mar 05, 2005 1:16 pm
- Forum: Canada / United States Tax & Accounting
- Topic: pre-immigration planning
- Replies: 7
- Views: 6772
CRA indicates that the new tax provisions for non-resident income trust distributions held in non-resident tax-deferred plans will be dealt with in this manner: Each company will send unitholders an NR$ detainling the distribution, its categorized income subsets, and tax withheld. These NR4s will go...
- Thu Mar 03, 2005 11:39 am
- Forum: Canada / United States Tax & Accounting
- Topic: pre-immigration planning
- Replies: 7
- Views: 6772
Thank you both! If John takes the contractor position, could he pay me for my work as self-employed people can do in the US? Then, could I start my own RRSP using my wages? I certainly work at least 50 hours a week on all of our endeavors. I also assist (gratis, of course) my friends/family in Canad...
- Wed Mar 02, 2005 11:41 pm
- Forum: Canada / United States Tax & Accounting
- Topic: pre-immigration planning
- Replies: 7
- Views: 6772
pre-immigration planning
We (US citizens living in the US) are approved to land in Canada prior to the 24th of August. I was the prinicpal applicant so I must land first and my husband can land with me or after me up to the deadline. We have many questions regarding working, transferring assets, and minimizing taxes after o...