Search found 2 matches

by joleem
Wed Dec 12, 2012 1:18 pm
Forum: Canada / United States Tax & Accounting
Topic: When to close your TFSA
Replies: 3
Views: 2745

Thanks for your response, I was thinking it best to just get out also, but it is nice to have someone as yourself agree. I am not sure what PFIC is. Could you explain a little?
by joleem
Wed Dec 12, 2012 12:08 pm
Forum: Canada / United States Tax & Accounting
Topic: When to close your TFSA
Replies: 3
Views: 2745

When to close your TFSA

I need some advice on when to close my TFSA. I am a U.S. citizen first, then came to Canada 15 yrs ago and now I am also a Canadian citizen. I had the unfortunate opportunity to open a TFSA which at the time seemed like a wonderful idea until I found out about having to file the 3520-3520 A forms. N...