Search found 3 matches

by csauve
Fri Jan 29, 2016 4:38 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian moving to the United States: TFSA RESP concern
Replies: 12
Views: 10481

I apologize for the repetition in my answer...

But to make sure I am clear on what you are suggesting.

We should be able to sell off/close TFSA's, transfer our daughter's RESP to a family member, and then we should be able to file as a US resident?

There are no egregious fees, fines, etc. in ...
by csauve
Fri Jan 29, 2016 2:18 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian moving to the United States: TFSA RESP concern
Replies: 12
Views: 10481

Allow me to elaborate.

I have accepted a medical training program (residency) in the United States that is slated to start July 1, 2016. This is a 3 year training program. I have full intentions to return to Canada, as we would be entering us as TN status.

I am looking for an accounting firm to ...
by csauve
Fri Jan 29, 2016 1:43 pm
Forum: Canada / United States Tax & Accounting
Topic: Canadian moving to the United States: TFSA RESP concern
Replies: 12
Views: 10481

Canadian moving to the United States: TFSA RESP concern

My family has <$20,000.00 in Resp/TFSA's. We have been advised that we need to close these accounts immediately as they have to be claimed/declared at tax time.

1) Why is this such a burden? Why is it so expensive to deal with?
2) I have been advised to close the accounts, and file my 2016 us ...