Market Growth GICs for US Citizens in Canada
Moderator: Mark T Serbinski CA CPA
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Market Growth GICs for US Citizens in Canada
Are "Market Growth" GICs viewed the same by the IRS as other types of GIC's for US Citizens in Canada? Or do they incur extra reporting above simple interest?
Re: Market Growth GICs for US Citizens in Canada
They only earn interest don't they? So they are merely GICs with a gimmick. IRS doesn't care as long as you report the interest and the existence of the account.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing