moving from USA to Canada - retirement investment

[Rajaijah]

Hi all,

I immigrated to Canada this year from USA. I have about 10K in my 403b and about 4K in IRA and 12K in roth. I am confused about the best way of handling this investments.

Little about my tax status in usa: I have been working in the USA for 9 years (7 years as student + 2 years employment). I am not a green card holder. I worked till May 2010 and quit my job and relocated to Canada. I will be filing 2010 return.

[b]Regarding retirement investments
[/b]
I know I can withdraw 10K for first home purchase from IRA without penalty. Can I do it after 2 years or has to be done while I was in USA. I am looking at buying my first home which will be in canada in the next 2 years.

If I can withdraw , say in 2012. do i have to file tax in USA. If I do, will the distribution come under the 30% flat tax or will get normal treatment (meaning personal exemption and standard deduction)

[b]Regarding non retirement investments[/b]

I have investment portfolio with fidelity and scottrade. Can i keep trading while I am not in USA. If I can, what are the tax implications. do i just file Canada tax and declare foreign income or do i have to pay US tax as well.

I am eventually planning to move all my investments to a Canadian discount broker. But I need to know if its a must for me to transfer now or can I do it next year.

Thank you all for the great help in this forum