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...
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- 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
- 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)...
- 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...
- Wed Sep 20, 2006 1:01 pm
- Forum: Canada / United States Tax & Accounting
- Topic: 401k gains taxable in Canada?
- Replies: 14
- Views: 11127