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
2 posts • Page 1 of 1
I am US citizen and am currently working in Vancouver. I have been living in Vancouver since last December and planning to stay in Canada for several years at least. I have a Health Savings Account (HSA) for five years. If I want to transfer my HSA money from one company to another company (trustee to trustee transfer), will it trigger any reporting requirements?
No. As long as you do not make a withdrawal that is taxable in US (ie. a non-medical withdrawal), there is nothing to report in Canada either. Transfer between accounts is a non-event in both countries.
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