confused dual US/CAD citizen moving back to CAD next week...
Moderator: Mark T Serbinski CA CPA
Ok. Man another thing I need to worry about now!
What do you mean by the border comment? Are you suggesting Montana instead, since there is no state tax there but closer to Alberta? Confused by your proximity to the border comment.
I suppose I can tell them that I moved to Montana for a month to try and sell my California BMW, since I did not feel like paying all the duty/GST crap on it to import it. Both fingers crossed that they will buy the story.
But I really dont want to go through the hassle of obtaining a Montana drivers license etc etc etc. But I will if I have to. Not trying to get you in trouble, so I understand if you dont respond.
What do you mean by the border comment? Are you suggesting Montana instead, since there is no state tax there but closer to Alberta? Confused by your proximity to the border comment.
I suppose I can tell them that I moved to Montana for a month to try and sell my California BMW, since I did not feel like paying all the duty/GST crap on it to import it. Both fingers crossed that they will buy the story.
But I really dont want to go through the hassle of obtaining a Montana drivers license etc etc etc. But I will if I have to. Not trying to get you in trouble, so I understand if you dont respond.
Roth conversions are all taxable income (and don't forget you will have to report your Cdn income on your 1040 next year too, so you will have tax to pay.
The reason to do it before moving is not to avoid a tax hot, it is for canada to recognize the Roth's tax-free status.
The reason to do it before moving is not to avoid a tax hot, it is for canada to recognize the Roth's tax-free status.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing