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.
As I may return to Canada within 10 years, I'm looking at the items that qualify one as a "covered expatriate", specifically "net worth" - and need to make sure if a RRIF would be included in "total worth" as an item that fits. "Any interest in a foreign pension plan or similar retirement arrangement or program"
RRIFs definitely are included in your net worth for expat purposes.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Thanks all. I asked the question because - of the two monetary items that exclude one from being a "covered expatriate" - net worth is the only one not indexed for inflation. It sits at US$2 million.....I'll just have to make sure I'm never THAT rich.