Search found 3 matches
- Wed Mar 16, 2005 8:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Company Pension -> LIRA: With a Twist
- Replies: 6
- Views: 10064
You are correct that if I had put out the 40K, I would not be quite as messed up as I am now, but I would still owna $0 cost basis LIRA :-) The great irony (to me) in all of this is that I have all this money in a LIRA that is earning 0.25% interest. I cannot do anything with the money because I am ...
- Tue Mar 15, 2005 4:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Company Pension -> LIRA: With a Twist
- Replies: 6
- Views: 10064
Exactly. Unfortunately, I am in a position where the AMT is kicking in and I am getting very little of the foreign tax credit. I was hoping that I might be able to use the value of the company pension at the time I entered the US as the cost basis, but from what I have been reading today, it would a...
- Tue Mar 15, 2005 10:05 am
- Forum: Canada / United States Tax & Accounting
- Topic: Company Pension -> LIRA: With a Twist
- Replies: 6
- Views: 10064
Company Pension -> LIRA: With a Twist
I moved to the US from Canada in 1997. At the time I moved a took a leave of absence from my Candian company. In 2003, I officially resigned from the Canadian Company (6 years on Leave of Absence). At the time I left the company I was offered the choice to either leave with 13 years of pensionable s...