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- Mon Aug 05, 2013 4:27 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Cashing In Insurance Policy
- Replies: 2
- Views: 1847
Cashing In Insurance Policy
I am a dual American/Canadian citizen and I have been living and working in the United States for almost 20 years now. I have an insurance policy in Canada that I am interested in cashing out. They tell me that they will withhold Canadian taxes on it (about 25% to 50%) and pay me the rest. I'm wonde...