Serbinski Accounting Firms

Our daughter has also been seeking to understand the issues, and the best options, for saving money while she is in the USA, but with the possibility that she might return to Canada. (Her husband's contract may come to completion in a few years and they might return to Canada.) If there is a good th...

I may have mis-typed late last night, as my wife this morning does not recall if it was in fact a Canadian tax filing that triggered the TFSA Processing Unit to contact our daughter. Maybe she did not file in Canada; I'm now not sure. I'll ask her sometime. One additional note is that she had closed...

nelsona... Thank you for the quick clarification. Our experience was that the penalty for the contribution our daughter made while a non-resident was a recurring monthly penalty, and thus the large amount. Since she was a stay-at-home mom and had minimal income while down south, she did not have to ...

mbert... If you will be living in the USA, then you are not permitted to make any contributions to a TFSA, and I don't believe you are permitted to even keep one open. My daughter started a TFSA with an online Canadian bank while in Canada. She then moved to the southern hemisphere and stayed five y...