Search found 3 matches

by NorthJersey
Tue Jul 31, 2012 11:33 am
Forum: Canada / United States Tax & Accounting
Topic: Mutual Fund transfer considered taxable?
Replies: 12
Views: 8372

[quote="nelsona"]

You simply need to inform IRS that the 1099's were issued for an RRSP account. That is all you have to worry about.[/quote]

Good. That's what I'll do.

[quote="nelsona"]As to the issue about managing your account, AGF is correct. You need to (a) move your account to a US ...
by NorthJersey
Tue Jul 31, 2012 10:44 am
Forum: Canada / United States Tax & Accounting
Topic: Mutual Fund transfer considered taxable?
Replies: 12
Views: 8372

[quote="nelsona"]I agree with ikea's second point. All activity in your RRSP is sheltered. Period.[/quote]

In this care, they are [i]fully [/i]aware of the 8891s. There is a stalemate between the IRS and AGF Canada. AGF is claiming that because I am a U.S. citizen and resident, have zero ties left ...
by NorthJersey
Sat Jul 28, 2012 1:25 am
Forum: Canada / United States Tax & Accounting
Topic: Mutual Fund transfer considered taxable?
Replies: 12
Views: 8372

Mutual Fund transfer considered taxable?

Hi all,
I am a dual citizen now permanently living in the US after having lived for 40+ years in Canada. I hold two registered retirement accounts, one an RRSP and one a LIRA, both held by AGF. Everything was fine until 2010, when several funds within each account were performing horribly. My AGF ...