Search found 109 matches

by stewak2
Wed Sep 27, 2006 8:56 am
Forum: Canada / United States Tax & Accounting
Topic: Roth 401(k) for USC, Canadian Resident?
Replies: 8
Views: 5232

Will Roth 401(K) contributions or employer match trigger the CCRA RRSP Pension Adjustment the way a standard 401(k) employer match does?
I already max out my RRSP and house is paid for...
by stewak2
Mon Sep 25, 2006 3:34 pm
Forum: Canada / United States Tax & Accounting
Topic: Roth 401(k) for USC, Canadian Resident?
Replies: 8
Views: 5232

Roth 401(k) for USC, Canadian Resident?

US citizen, Canadian resident, commuting to work daily in US. Employer will begin offering Roth 401(K) option in 2008, with attractive company match. As I understand it, contributions (own, and employer) are fully taxable, both in US and Canada, in the year they are made. In the USA, income (growth)...
by stewak2
Wed Sep 20, 2006 10:45 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k gains taxable in Canada?
Replies: 14
Views: 11127

Thanks. As a matter of interest, did the CCRA change it's position about taxing only the employer match and growth? I seem to recall that at one point CCRA taxed the entire withdrawl, leading to an obvious double taxation situation. Maybe I need to reconsider contributing to a 401K. The IRS will tax...
by stewak2
Wed Sep 20, 2006 1:01 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k gains taxable in Canada?
Replies: 14
Views: 11127

Company match deferred?
Is this new?
I am Canadian resident commuting to work in USA. Before I stopped contributing to a 401K, CCRA reviewed my return and required that I claim the company match as income. (2002 I believe).