Serbinski Accounting Firms

Happy new year.
After discussing with CRA helpline agent, I felt comfortable that I could claim the 30% withholding tax as a FTC and no need to file 1040NR. 20% treaty rate + 10% penalty =30%. So I decided to withdraw the 401k and do the transfer to RRSP route instead of IRA rollover.

Noted in ...

Thanks for your reply nelsona. Very helpful information. I think I am leaning towards rolling it over. After that is complete, do I need to do anything to show that a rollover occurred on my 2017 Canadian tax filing?

To clarify, I am 40. I worked in the US when I was in my mid 20's. Since then I ...

I have read many of the postings here. I am still confused about the best approach for my situation:

- I am a Canadian citizen and Canadian resident
- under 59.5
- worked in the US for 2 years and contributed to 401k.
- Recently received a letter that the 401k plan will be terminated next year.

I ...