Closing US Health savings account (HSA)

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nelsona
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Joined: Wed Oct 27, 2004 2:33 pm
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Re: Closing US Health savings account (HSA)

Post by nelsona »

Non-medical withdrawals, even if over 65, will be considered income in both US and Canada (include on pension line). You can use the US tax and penalties as foreign tax credit.
Roth withdrawals are included on the pension line as well, and then the non-taxable portion would be deducted on line 25600, as treaty excluded income.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
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