Maintaining US Mailing Address -Canadian, non-US

[aj2010]

Hello;

New to the forum and I've spent quite a bit of time trying to find answers my questions and have not.

My situation; Canadian resident (since 2009), NOT a US Citizen, a 3rd country citizen. Lived in the US from 1999-2009 and paid taxes, had/have US based banking and brokerage accounts.

Question - is it illegal in anyway for me to use a US mailing address although I am not physically living in the US to maintain my US accounts?

Due to recent changes, my US based IRA broker contacted me asking me to close down the account. I am now looking for a US broker that may accept me, but its proving tough. Plus, they want a detailed explanation why I have a US mailing address.

Primary reason is, I don't want to close down those accounts and transfer over right now.

Thanks very much in advance,

[nelsona]

For a non-sheltered account, it is illegal for a US broker to deal with a Cdn resident, without being licensed in the province in which you live. For sheltered accounts, the broker need not be licensed in your province.

I never advise people to spoof an address for any financial reasons. There are brokers out there that are licensed in Canada and can handle IRA/401(K) etc.

[aj2010]

Thanks for the reply. I've found a broker that can work with me on the IRA. Any suggestions on where to look for registered brokerage firms that can handle a non-sheltered account?

Thanks,

[nelsona]

Yes. Any broker registered in your province. Transfer all stocks etc there, and sell of any US mutual funds held outside your IRA. That's the rules.