Search found 5 matches
- Sat Mar 05, 2022 4:14 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Qualified Charitable Distributions from IRA for Canadian resident
- Replies: 2
- Views: 1314
Re: Qualified Charitable Distributions from IRA for Canadian resident
Thank you. Not quite as bleak as I'd imagined.
- Tue Mar 01, 2022 9:30 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Qualified Charitable Distributions from IRA for Canadian resident
- Replies: 2
- Views: 1314
Qualified Charitable Distributions from IRA for Canadian resident
I searched for this topic but couldn't find anything. I apologize if I missed an entry, and thank you in advance. I am a Canadian citizen and resident who renounced his US citizenship ten years ago and is not required to file any US tax forms. My only remaining US asset is my IRA, which I am drawing ...
- Fri Jun 15, 2012 10:49 am
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian taxation of IRA at death
- Replies: 4
- Views: 2745
- Thu Jun 14, 2012 10:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian taxation of IRA at death
- Replies: 4
- Views: 2745
Thank you for your reply. I'm not married, so the beneficiary is non-spousal, if that makes a difference. Could you possibly explain what you mean by "matching?" While I am alive Vanguard withholds 15% income tax from withdrawals, and I pay Canadian income tax on the same, but claim the foreign tax ...
- Thu Jun 14, 2012 6:36 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Canadian taxation of IRA at death
- Replies: 4
- Views: 2745
Canadian taxation of IRA at death
Hi. Thanks for a very helpful site. I couldn't find info on this. I am a Canadian citizen (renounced American citizenship) whose only asset in the US is an IRA of roughly 150K. If I leave it there and slowly draw down, I know upon my death my (non-spousal) beneficiary will have to deal with US taxes ...