Search found 5 matches

by samos
Tue May 31, 2011 5:17 pm
Forum: Canada / United States Tax & Accounting
Topic: Handling COST basis for Multiple RRSP Accounts
Replies: 10
Views: 5264

OK so lets take a simple example.
Starting with 2 Account each with 10000 bbok value, Accoutn 1 gaining 3000, Account 2 losing 3000:

Account: 1
Distribution Received: 7a) 13000
Taxable Distribution 7b) 3000

Account 2:
Distribution Received: 7a) 7000 (Account Lost 3000)
Taxable Distribution 7b ...
by samos
Tue May 31, 2011 4:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Handling COST basis for Multiple RRSP Accounts
Replies: 10
Views: 5264

Can you recommend an accountant that works by the ruiles you mention? I have seen so far some that either:
1 - Want to look only at contributions (rather than Book Value at time of crossing the corders) regardless of the fact that I contributed as a Canadian Resident and not a US person. That's ...
by samos
Tue May 31, 2011 2:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Handling COST basis for Multiple RRSP Accounts
Replies: 10
Views: 5264

Thank you Nelsona.
Yes, I factored in the Exchange now (Time collapsed) and then (Time became US resident). However,
1- One of the accounts are in my wife's name (Spousal RRSP which I created and contributed to) and only that one made money, the rest all lost.
2 - One of the Account (LIRA) I did ...
by samos
Tue May 31, 2011 2:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Handling COST basis for Multiple RRSP Accounts
Replies: 10
Views: 5264

Handling COST basis for Multiple RRSP Accounts

(Reposting as a new topic from another thread)
I have multiple RRSP Account which I collapsed recently. One of the accounts had increased in value over book value (since I Became US Resident) and the rest all dropped. When accounting for the taxable amount from all the accounts would that be the ...
by samos
Tue May 31, 2011 2:09 pm
Forum: Canada / United States Tax & Accounting
Topic: 8891 and TD F 90-22.1 forms
Replies: 6
Views: 4606

Cost Basis for Multiple RRSP Accounts

I have multiple RRSP Account which I collapsed recently. One of the accounts had increased in value over book value (since I Became US Resident) and the rest all dropped. When accounting for the taxable amount from all the accounts would that be the aggregate of (final value - book value) for all ...