Search found 7 matches

by Sailor
Fri Jan 24, 2014 8:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Reporting pension cash-out from Canada
Replies: 7
Views: 5410

Hi all, I have a supplementary question: I became a green card holder in April 2013, and moved immediatley to USA. For all of 2013 I received a private canadian pension distribution, paid monthly. Taxes were withheld in Canada, at 22% In USA I earned less than $500. For my first year: q1: for my can...
by Sailor
Fri Jan 24, 2014 8:00 pm
Forum: Canada / United States Tax & Accounting
Topic: Reporting pension cash-out from Canada
Replies: 7
Views: 5410

Hi all, I have a supplementary question: I became a green card holder in April 2013, and moved immediatley to USA. For all of 2013 I received a private canadian pension distribution, paid monthly. Taxes were withheld in Canada, at 22% In USA I earned less than $500. For my first year: q1: for my can...
by Sailor
Fri Jan 24, 2014 7:44 pm
Forum: Canada / United States Tax & Accounting
Topic: Reporting pension cash-out from Canada
Replies: 7
Views: 5410

Hi, my wife is in a very similar situation. Left Canada in March, cashed some of her private pension contribution (BCHydro), and rolled the rest onto an RRSP. CRA took 30% of her lump pension withdrawal. This occurred in Sep 2013, when she was not a green car holder. She started to work in the USA i...
by Sailor
Thu Aug 02, 2012 1:28 am
Forum: Canada / United States Tax & Accounting
Topic: Can CRA withold my non-residency status due to tax dispute?
Replies: 8
Views: 7181

Hello again, Just one more question... My pension plan is in reality a 'private' pension plan, with no links or dependencies from the Government of Canada. Even though I receive me private pension now, I still have not applied for my CPP. Is the 15% flat tax applied to just my CPP, or to any 'privat...
by Sailor
Tue Jul 31, 2012 3:40 pm
Forum: Canada / United States Tax & Accounting
Topic: Can CRA withold my non-residency status due to tax dispute?
Replies: 8
Views: 7181

Thanks Nelsona. This is helpful, to know my pension will always be taxed here in Canada at 15%, and said tax deducted from my US tax. My Pension Plan (PSPP, Public Service Pension Plan) confirmed to me I need to have the answer CRA provides to me through their NR73 form and process determining (or r...
by Sailor
Fri Jul 27, 2012 9:59 pm
Forum: Canada / United States Tax & Accounting
Topic: Can CRA withold my non-residency status due to tax dispute?
Replies: 8
Views: 7181

Hi again. I still have to confirm the 'letter' my pension plan requires. If i recall correctly they did mention on the telephone CRA issues a 'letter' to them, but my memory may be playing tricks with me. I will get a more official answer from the pension plan. I also expect, but I need confirmation...
by Sailor
Thu Jul 26, 2012 10:13 pm
Forum: Canada / United States Tax & Accounting
Topic: Can CRA withold my non-residency status due to tax dispute?
Replies: 8
Views: 7181

Can CRA withold my non-residency status due to tax dispute?

Good morning to you all. My wife and I are moving to the USA in 2013. We already have a green card, which we’ll exercise in June next year. By then we’ll have cut all significant ties to Canada: DL, Health card, and so on. We already sold our principal residence in BC, and purchased a home in US...