My husband is less freaked out about the US economy than I am, so it's good know we won't be subject to Cdn tax on this interest. Didn't realize the rules had changed, before this rule Vancity was taking their cut, which wasn't much mind you -- last year.
Thanks Again!
Search found 2 matches
- Wed Oct 01, 2008 2:12 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Treatment of Interest on a CDN Savings Account [US Resident]
- Replies: 3
- Views: 3242
- Wed Oct 01, 2008 12:19 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Treatment of Interest on a CDN Savings Account [US Resident]
- Replies: 3
- Views: 3242
Treatment of Interest on a CDN Savings Account [US Resident]
Question for those that know about tax treaty questions. We are transfering some money [~US$ 400,000 to CDN $] to sit in a Canadian Credit Union in BC [just in the case the US$ does an unexpected freefall]. We are transferring money in anticipation of buying an investment property in Vancouver. Beca...