Search found 4 matches
- Wed May 27, 2015 11:34 am
- Forum: Canada / United States Tax & Accounting
- Topic: Inheritance and Dual Citizenship
- Replies: 6
- Views: 2896
Thanks again, I do agree not to buy an rrsp. I see how putting non taxable money into a taxable vehicle is just dumb. I was focused on finding the best way to have this money grow a bit so I could have some security for retirement and then started reading all the IRS web site information on world ...
- Wed May 27, 2015 10:51 am
- Forum: Canada / United States Tax & Accounting
- Topic: Inheritance and Dual Citizenship
- Replies: 6
- Views: 2896
- Wed May 27, 2015 10:10 am
- Forum: Canada / United States Tax & Accounting
- Topic: Inheritance and Dual Citizenship
- Replies: 6
- Views: 2896
It's my understanding that the INCOME is taxable. That the IRS taxes worldwide income made by US Citizens/residents. Is that not correct? All the information I am reading is that is, but maybe something is wrong with my information. If I put it in the bank they must report it to the CRA and they ...
- Mon May 25, 2015 6:02 pm
- Forum: Canada / United States Tax & Accounting
- Topic: Inheritance and Dual Citizenship
- Replies: 6
- Views: 2896
Inheritance and Dual Citizenship
I was born in Canada and have lived in the US for nearly 20 years - I am now a US Citizen as well as Canadian and residing in the US. My father recently passed away in Canada and left cash which will be distributed after probate. I am trying to find a way to invest that money up there. I am looking ...