Serbinski Accounting Firms

Thanks for your help. I haven't had another principal residence in Canada so I guess the US tax is the cost of selling.

I thought there was something in the US/Canada treaty that if income was not taxable in one country, say Canada, then it is non-taxable in the US. I pulled up the treaty on the Cdn Dept of Finance web site but couldn't specifically find that type of clause.

I sold my US condo and claimed it as my principal residence for Canadian tax purposes. I'm filing my 1040NR to claim back the withholding tax. I've heard that if I'm not taxed in Canada on the gain then I'm exempt on that gain in the US. How do I report that exemption on the 1040NR? I'm a Cdn reside...

Thanks for the reply but the RRIF holder is 74. I think the reason to switch is to avoid foreign exchange risk.

I know it's possible to transfer an IRA to a RRSP but can an IRA be transferred to a RRIF?