Search found 34 matches

by moi
Sun Dec 04, 2011 1:26 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 13671

Thank you so much for the information.
I think I will go set up a meeting, I'll probably be back with more questions.
by moi
Fri Dec 02, 2011 11:09 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 13671

OK, I've taken 401k out of company my x worked for, and I'm just waiting for it to show up. Once I roll in into a roth, I pay the tax penality and then I'm done with the US government? When you say tax free forever, when I am living in Canada, won't I have to report it as income? Am I understanding ...
by moi
Sun Nov 20, 2011 1:50 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 13671

401k owner heading back to Canada

1. Is there an advantage to leaving the 401k here? You did advise to roll it into a rsp. But, I was wondering about a Roth? Would I then be done with the tax end of it in the US? If I did that, does Canada then, ding me again in taxes on that money? This is too much for me, is there a book out there...
by moi
Sat Aug 13, 2011 10:08 am
Forum: Canada / United States Tax & Accounting
Topic: CDN divorced, don't know what to do with 401k
Replies: 2
Views: 1210

CDN divorced, don't know what to do with 401k

I want to come home to Canada in 2012. I will have rec'd 15,000.00 in alimony for that year, when I cross. I have roughly 175,000.00 in a 401k as part of the divorce settlement, I don't work. Should I leave it, cash it out, or some of it. My thought is, I should buy a house. I have no other money, a...