Serbinski Accounting Firms

I have a RSSP account (from IG) producing quaterly report with a book cost value.
1. Do I still need to sell & buy again to minimize tax by IRS?

However, my another RSSP account (with manulife) produce quaterly report but no book cost value.
2. Do I still need to sell & buy again to minimize tax by ...

thanks Nelson, manulife doesn't have such restriction like IG, and ING.

thanks, understood now

" you can no longer shelter ANY of the internal income from that RRSP."

I dont' understand this. As far as I know, rrsp can be defered until distributed. Hence, no tax is required until it is distributed (new law end of 2014).

the definition of switching fund is still remain in canada funds not US funds.

ING & IG said they dont' have license to sell / switch funds if a customer doesn't live in canada jurisdiction. However, manulife said there is no problem if i want to switch fund from A to B while i am in the US. Is that true? Anybody experience that? is that a US law or canada law?

thanks

again other questions for item 2,
2a. where do I know my book value because:
2a1. I buy a little every month for 4 years,
2a2. i have quarterly report but no book value in it.
2a3. say if the fund doesnt make money, i don't need to sell & re-invest right?

thanks

again for item 1, assuming i would arrive in US 1st of Nov 2016. When should i sell & buy RSSP? considering I dont stay in us for 183 days in 2016, but my salary may pass the minimum threshold.

1. what is the qualification of 1040? Is the amount of salary ? Or, the 183 days in 2016? What is the amount of salary threshold to be qualified for 1040?

3. a financial advisor but from canada, so he may not be familiar with us taxation.

thanks

Thanks for the answer. One company gave me wrong information, luckily I decline the offer as if I pay fica, I got a lower salary than canada.
But, why pay fica yet I have to pay health insurance on top of it?
We don't pay that in Canada and we get health care.

hi,
I am a bit confused about FICA. As a TN visa worker in US, (lets assume you're not a canadian resident for tax purposes), you don't pay FICA to US right? So, as a alient tax resident in US, you end up having larger salary in US. Is that right?

My situation is the same. So, I just want to confirm few things:

1. although the departure date is (say 1 Nov 2016) I am still allowed to withdraw TFSA on 31 Dec 2016 without reporting & paying tax to US?
2. Regarding RSSP, some advice to sell and buy the same mutual funds again before leaving ...