IRAs for non resident citizens

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.

Moderator: Mark T Serbinski CA CPA

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Joined: Sun Feb 10, 2019 4:29 pm

Re: IRAs for non resident citizens

Post by Beloa00 » Sun Feb 10, 2019 4:37 pm

Maybe silly question. You are dual citizens about to move to Canada.
Is it a problem to keep for all these accounts in question the US address?

Posts: 22
Joined: Sun Jan 20, 2019 3:40 pm

Re: IRAs for non resident citizens

Post by coco1106 » Tue Feb 12, 2019 9:32 pm

There are no silly questions, we are dual citizens, once we relocate to Canada we will no longer have a US address
Some US brokerage firms do not like to have NON US residents as clients, once you change your US address problems may arise with respect to the brokerage company were your IRA is is not very friendly to non US residents, even though you are a US citizen,
TD Amertrade is more friendly, we are with Fidelity we hope that our IRAs will be able to be maintained with them when we move to Canada.

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