Search found 3 matches

by MFHEB2018
Wed Sep 26, 2018 7:45 pm
Forum: Canada / United States Tax & Accounting
Topic: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
Replies: 26
Views: 12089

Re: US tax for RRSP RIF distribution Taxable and Foreign tax Credit

Thanks A clarification of the Foreign Tax Credit Since I now have reduced my "TAXABLE". Can you confirm that I also have to reduce the amount of the tax I am entering for Foreign Credit? That is instead of having a credit of the amount I paid to Canada - I will enter only the amount of 15%...
by MFHEB2018
Tue Sep 25, 2018 6:02 pm
Forum: Canada / United States Tax & Accounting
Topic: US tax for RRSP RIF distribution Taxable and Foreign tax Credit
Replies: 26
Views: 12089

US tax for RRSP RIF distribution Taxable and Foreign tax Credit

Hello - I have a few questions: I had an RRSP when I moved to USA. I am now taking distribution from my Canadian RRSP- RIF. I have setup a percentage per year so I am NOT taking tout the whole amount. BELOW I am using small numbers for the sake of the question. For example let's say I had $200. CAD ...
by MFHEB2018
Sat Feb 17, 2018 3:30 pm
Forum: Canada / United States Tax & Accounting
Topic: Distribution from RRSP RRIF and PFIC and QEF
Replies: 1
Views: 1619

Distribution from RRSP RRIF and PFIC and QEF

I lived in USA and I have 3 RRSP which I transferred into RRIF to start withdrawing money from those in 2017. The 3 banks are each taking 15% of the amount they are giving me. I will enter the amount received plus the tax I paid for credit however USA is giving just a percentage of that credit. MY Q...