Can Citizen returning to US within 12 months

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

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helloyyzyvr
Posts: 1
Joined: Sat Aug 25, 2018 8:42 pm

Can Citizen returning to US within 12 months

Post by helloyyzyvr »

Hi All - I am a Canadian Citizen living in the US and am intending to return to Canada within the next year - I am hoping to set up a mutual fund to save more effectively through an index fund, but am concerned about implications once I move back. Any recommendations? Should I hold until I return? Is there a way to open an index fund in Canada while in the US without having some crazy tax implications?
nelsona
Posts: 18314
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Re: Can Citizen returning to US within 12 months

Post by nelsona »

If you are no longer resident of Canada, you cannot maintain a Cdn investment account, unless you are completely hands-off.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing :D
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