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.
I’m departing Canada in 2017 and I’m confused about what assets are deemed to be disposed. I have Canadian RRSP, and Canadian non-RRSP funds. Looking at the form it seems clear that only the non-RRSP funds are taxed.
However, I also have a US IRA/401K, US stocks outside a tax-sheltered vehicle and a limited partnership for which I normally get a K-1 slip for. Are these US investments deemed to be sold as well?
All are subject to deemed disposition except the RRSP, 401(k) and IRA, which are considered pensions and are thus excluded.
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