Serbinski Accounting Firms

I think that I understand. The (tax) year of her new US residency, she basically is deemed to have "sold" (for tax purposes) all her cash account investments and paid any necessary taxes in Canada.. stepped up the cost basis, so to speak. Is that correct? Secondly, going forward if she own...

I agree that she should not do this, but was wondering if anyone knew the ramifications so I can further convince her that the issues would be costly/severe

My mom (Canadian citizen/resident) is moving to the US later this year. She is retaining a Canadian address, and is planning on using it for her investment (non-RRSP) account. If she receives interest and dividends from the investments, but does not pay any witholding taxes (the authorities think sh...

Hello:

I understand that Canadian holders of a Roth IRA must declare with CRA by the end of April that they wish to continue to have their gains non-taxable. What if I am looking to convert my IRA's to Roth after the end of April. How does that/will it effect me? Thanks.

Thank you very much, Nelsona for your quick response. Great West Life was the company that gave me the "suspect" guidance on taking the check as my only option. I had a lot of difficulty finding someone, but actually found Darrell Thompson at Macquarie (from this site, no less!) who can ha...

Hello: I moved back to Canada last year from the US (I am dual-citizen). In February of this year, my US 401k provider sent me a check for my balance of my 401k, less 20% witholding (the witholding was around 100K), due to my new residency outside of Canada. I have now found a new qualified plan pro...