Search found 6 matches

by barb1948
Fri Jul 15, 2005 4:24 pm
Forum: Canada / United States Tax & Accounting
Topic: Section 217
Replies: 1
Views: 1796

Section 217

Under what circumstances can Section 217 be used? See copy of previous email.. U.S Citizen living in Canada for 3 years. placed $$ in RRSP for the Fisrt Time Home Buyers plan. Decided to move back to US, and want to know options of taking the $$ out of RRSP. WAs told there will be 25% tax. But I do ...
by barb1948
Fri Jul 15, 2005 11:44 am
Forum: Canada / United States Tax & Accounting
Topic: You can purchase $60,000 Series I Bonds
Replies: 0
Views: 1553

You can purchase $60,000 Series I Bonds

Regarding the Series I bonds and EE Bonds: A U.S. person can acutually purchase $60,000 in the I's and the EE's per year. It is a little known fact that you can purchase $30,000 over the internet, which are called electronic purchases, and you can purchase $30,000 called paper bonds.. They are tryin...
by barb1948
Fri Jul 15, 2005 9:34 am
Forum: Canada / United States Tax & Accounting
Topic: RRSP withdrawals for 0 income spouse in US
Replies: 5
Views: 3833

Nelsona: You were very helpful to me when I asked about my son and daughter in law moving back to the US and how to take their rsp with them.... I understand there is a 25% tax. The tax money that received becasue of the rsvp would be equal, if not more than the 25%, so not to feel too bad.... BUT I...
by barb1948
Fri Jul 15, 2005 9:19 am
Forum: Canada / United States Tax & Accounting
Topic: I Bonds at TreasuryDirect
Replies: 9
Views: 3748

Regarding the Series I bonds and EE Bonds: A U.S. person can acutually purchase $60,000 in the I's and the EE's per year. It is a little know fact that you can purchase $30,000 over the internet, which are called electronic purchases, and you can purchase $30,000 called paper bonds.. They are trying...
by barb1948
Fri Jul 01, 2005 12:37 pm
Forum: Canada / United States Tax & Accounting
Topic: Help for my Daughter and Son-in-Law.RSP Issue
Replies: 3
Views: 2404

Well thank you very much. Very appreciated. It is still a hard situation, as I gave them a gift of $50,000 for adown payment, and they said the RSP is the way to go in Canada for first time buyers, so now they have to pay $12,500 .. I could have just gifted it to them over a few years, with no tax. ...
by barb1948
Fri Jul 01, 2005 9:48 am
Forum: Canada / United States Tax & Accounting
Topic: Help for my Daughter and Son-in-Law.RSP Issue
Replies: 3
Views: 2404

Help for my Daughter and Son-in-Law.RSP Issue

Hi all: ROaming around the internet, I found this site, and hope someone can help me. I have read all the posts regarding RSP's coming and going, and cannot really find the answer, so I apologizie if this is redundant. My daughter and son-in law are US citizens who have lived in Montreal for 3.5 yea...