Search found 3 matches

by wpghockey
Fri Feb 28, 2014 12:19 pm
Forum: Canada / United States Tax & Accounting
Topic: Closed RESPs and TFSA's Mid-Year and Form 3520-A
Replies: 4
Views: 2949

Hi Nelson, Thanks very much for your response. Just to clarify, would I use the USD/CAD exchange rate on the date I purchased the security and a different USD/CAD exchange rate on the date I sold the security? If that's the case, my capital gains will essentially be "wiped out" by the lowe...
by wpghockey
Fri Feb 28, 2014 2:09 am
Forum: Canada / United States Tax & Accounting
Topic: Closed RESPs and TFSA's Mid-Year and Form 3520-A
Replies: 4
Views: 2949

One other comment. The value of my accounts when closed suffered considerable losses (after exchanging my CAD values to USD values for the form) due to currency collapse of the CAD. Is this "currency loss" considered an "ordinary loss"? Do I still have to separately fill out divi...
by wpghockey
Fri Feb 28, 2014 12:37 am
Forum: Canada / United States Tax & Accounting
Topic: Closed RESPs and TFSA's Mid-Year and Form 3520-A
Replies: 4
Views: 2949

Closed RESPs and TFSA's Mid-Year and Form 3520-A

Hi All, I'm a Canadian citizen on TN-Visa who moved to US full time as of January 2012. I had an accountant do my 2012 returns last year ($$$) and am trying them myself this year. I decided to close my TFSA and RESP in May of 2013, and transferred the money to a US account. I would like to know how ...