Serbinski Accounting Firms

Thanks for your help with this.

So, if I were able to find the cash in the short term that would equal the witholding and penalty for collapsing that IRA (I'm assuming I'd have to make sure to do that before 12/31/2017) would I ultimately break even come tax time?

Paul

Hi,

Good questions! Should have included that information. I'm 49 and it's about 65K in the Traditional IRA and 20K in the RA.

Was just thinking it would be simpler to move the $ into all one place. I have a ton of unused RRSP contribution room, as I've never contributed in Canada. Have been ...

I worked in the US for 8 years and then, after moving back home to Canada in 2011, turned in my green card as it became clear we wouldn't be going back.

Now, I'd like to move my retirement funds back to Canada and am wondering the best way and timing to do this. I have some money in my college ...