Search found 3 matches

by KStar
Wed Oct 17, 2012 5:27 pm
Forum: Canada / United States Tax & Accounting
Topic: "US Tax Crackdown" and Liquidating Canadian Assets
Replies: 8
Views: 5521

Will my tax reporting from the US side be more complicated if I keep my Canadian RRSPs? You mentioned that the exit return is straightforward...which is a relief... I'm wondering if on-going tax reporting will be so bothersome that it might warrant liquidating all assets in Canada... Also, are you a...
by KStar
Wed Oct 17, 2012 12:55 pm
Forum: Canada / United States Tax & Accounting
Topic: "US Tax Crackdown" and Liquidating Canadian Assets
Replies: 8
Views: 5521

Thank you so much for your prompt reply. I guess I'm wondering whether it is possible to have my RRSPs that are currently held by MD Management (mutual funds) and ING (GICs) into TD Waterhouse now that I'm non-resident. I didn't realise that brokers would not be able to work with me after I got my g...
by KStar
Tue Oct 16, 2012 9:57 pm
Forum: Canada / United States Tax & Accounting
Topic: "US Tax Crackdown" and Liquidating Canadian Assets
Replies: 8
Views: 5521

"US Tax Crackdown" and Liquidating Canadian Assets

Hi! After reading this article: http://m.theglobeandmail.com/globe-investor/personal-finance/us-tax-crackdown-hits-canadian-residents/article2067393/?service=mobile I am wondering whether I should just liquidate all of my Canadian assets including RRSPs and bank accounts since the US government seem...