Search found 39 matches

by moi
Wed Dec 28, 2011 4:17 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 23432

OK, I called revenue canada, think, I ended up in China oh well...what the fellow told me was to carefully read itnews-43. Which is giving me more questions. I think, it is saying I will have to pay taxes in Canada on the money made within the roth, that it is not under any treaty...I'm sure you've ...
by moi
Tue Dec 20, 2011 7:28 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 23432

Ok, had my meeting, and they have proposed that I do a split between a traditional and roth iras. 1. If I roll some of the 401k into a Roth, am I able to take it out, without penaltly before 59.5 ? Just want to clear up tax free vs penalty free. 2. When I'm 59.5 and I start to make withdraws on the ...
by moi
Fri Dec 09, 2011 8:18 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 23432

Hahaha...yes so true.
by moi
Wed Dec 07, 2011 12:13 am
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 23432

Thank you so much for sharing your knowledge.
I am doing trustee to trustee. I'm wondering why they boohoo'd my mention of rolling it into a roth though.

How is the amount of tax I owe with the rollover determined?
by moi
Sun Dec 04, 2011 1:35 pm
Forum: Canada / United States Tax & Accounting
Topic: 401k owner heading back to Canada
Replies: 43
Views: 23432

I was wondering, is there a limit to how much of the 401k I can roll into a Roth?
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: 23432

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: 23432

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: 23432

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: 2371

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...