Search found 5 matches
- Mon May 04, 2020 6:32 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RRSP Contributions/withdrawals
- Replies: 2
- Views: 1880
RRSP Contributions/withdrawals
So just to be clear on this, I include my RRSP contributions in my income in 1040 and taxed on it. Then when I withdraw $$ at retirement, or before if in a jam, I have to include that again on 1040? So I get taxed twice on the whole amount, not just the interest?
- Thu Dec 13, 2012 2:21 pm
- Forum: Canada / United States Tax & Accounting
- Topic: RBC Direct Investing TFSA EIN#
- Replies: 9
- Views: 7087
Oh believe me, I do like the info found on this forum. I learned more about US taxes here than any reading of Pubs for over 10 years. What I was refering to to is that the 'RBC people' told me they never heard of TFSA being considered as foreign trusts by the IRS and I could not show them anything f...
- Thu Dec 13, 2012 2:09 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Must both spouses claim 2555
- Replies: 4
- Views: 2499
- Thu Dec 13, 2012 1:48 am
- Forum: Canada / United States Tax & Accounting
- Topic: Must both spouses claim 2555
- Replies: 4
- Views: 2499
Must both spouses claim 2555
We are married filing jointly. We both have been in Canada for many years. We both have been claiming 2555 on returns.
Now I want to revoke my spouse's FEIE in order to get the child tax credit. Can we do? I will still claim 2555 but not her. All income is CDN.
thanks
Now I want to revoke my spouse's FEIE in order to get the child tax credit. Can we do? I will still claim 2555 but not her. All income is CDN.
thanks
- Thu Dec 13, 2012 1:41 am
- Forum: Canada / United States Tax & Accounting
- Topic: RBC Direct Investing TFSA EIN#
- Replies: 9
- Views: 7087
Thanks, However, after several communications with RBC Direct Investing, they assured me that the TFSA I hold with them is not a trust. Therefore they do not emit a 3520/3520A. They said it would come from them if it was a trust. The only reference I found regarding the IRS considering TFSA's foreig...