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by kbar
Sun Nov 16, 2014 6:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Beneficiary IRA to Canadian resident...how is it taxed?
Replies: 3
Views: 2529

Beneficiary IRA to Canadian resident...how is it taxed?

I am a US citizen living and working in Canada as a Permanent Resident. I am inheriting a traditional IRA from my mother who recently died in the States. As I understand it, this money will be considered like income in that it will be taxed first in the US and then in Canada, allowing for a Foreign ...