Thanks.
So if I am living in Canada when I retire, will the IRS withhold a non-resident tax on the Roth distributions? If not, then it would seem that there is potentially a tax benefit of the Roth over the traditional IRA, for Canadians returning to Canada for retirement. Ie. the amount 'X ...
Search found 2 matches
- Fri Mar 11, 2005 3:56 am
- Forum: Canada / United States Tax & Accounting
- Topic: IRAs and returning to Canada
- Replies: 18
- Views: 30426
- Fri Mar 11, 2005 2:09 am
- Forum: Canada / United States Tax & Accounting
- Topic: IRAs and returning to Canada
- Replies: 18
- Views: 30426
Just doing my 2004 taxes. As far as I can tell, a 401K counts as a retirement plan, and if you have one and your AGI exceeds $55K (filing as single) then you can't deduct contributions to a traditional IRA. Is that right?
Regarding the Roth IRA, does Canada only tax the earnings made while you are ...
Regarding the Roth IRA, does Canada only tax the earnings made while you are ...