Search found 2 matches

by CrossBorderTax
Fri Jun 23, 2017 11:38 am
Forum: Canada / United States Tax & Accounting
Topic: Withdrawal of Unused Canadian RRSP Contributions and US Tax
Replies: 3
Views: 2193

Hello:

Thank you for the reply. It's true, I was partially pressured by a friend and partially by myself, as I have don't have much saved for retirement and was under the mistaken impression that there would be no tax (or little tax) on retirement like a ROTH IRA in the US.

If the CRA refuses my ...
by CrossBorderTax
Thu Jun 22, 2017 7:41 pm
Forum: Canada / United States Tax & Accounting
Topic: Withdrawal of Unused Canadian RRSP Contributions and US Tax
Replies: 3
Views: 2193

Withdrawal of Unused Canadian RRSP Contributions and US Tax

Greetings:

I am a dual citizen of the US and Canada. My full-time residence and "Tax Home" is Canada. I file my US Taxes yearly and never have to pay (I am a college instructor and make less than the foreign income exclusion level)

During the 2016-2017 year I foolishly contributed much more to my ...