Serbinski Accounting Firms

It's true. I am with TD also and have to call each time, but they reduce the commission to $10/trade.

What state do you live in?

What if there is no deemed disposition on account of changing residency status because these investments were held on a TFSA?

Are there any IRS tax implications with a transfer in-kind of securities held in a Canadian investment account to an American investment account?

Thanks for the reply. Yes, the non-registered investments went through a deemed disposition in Canada. I will read the references source.

Hi,

What basis does the IRS use for determining the cost (i.e., book value) of Canadian-held investments for capital gains purposes? Does the IRS use the date of acquisition, date of departure from Canada, or date of residency of USA - or something else entirely? Does anyone have the soirce for ...

I moved within the last few months, so I might just do that.

Thanks Nelson.

How exactly could I take the 25% tax on an RRSP withdrawal in Canada as a tax deduction on my schedule A? Would I put it under line 8, other taxes?

Thank you for the reply. When I spoke to my broker this weekend, they said that provided that I give them a signed W-9, they will allow me to maintain my registered accounts (but not my non registered and TFSA accounts). But they never mentioned anything about specific states, so I will follow up ...

Hi there,

Does anyone know which specific states restrict trading in an RRSP as a non-resident of Canada?

I understand that the IRS has allowed Canadians resident in the USA to trade within their registered plans (I.e. Buy and sell) but that some states place restrictions on it (and thus the ...

Hi everyone,

Just curious to get peoples insight into my tax situation, and some questions to follow:

I am a Canadian citizen and a US permanent resident (became a PR in October 2015), and married to a dual US citizen and a Canadian citizen. We lived and worked in Canada for most of 2015 until ...