CANDIAN BANK ACCOUNTS/CREDIT CARDS

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.

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kingscote.family
Posts: 2
Joined: Thu Feb 22, 2007 2:07 pm

CANDIAN BANK ACCOUNTS/CREDIT CARDS

Post by kingscote.family »

Do I need to close my Canadian bank account and cancel my Canadian credit card along with the sale of all other assets to sever financial ties to Canada. I have heard that bank accounts and credit cards are not an issue but others are saying get rid of everything to avoid tax on worldwide income.
Help
nelsona
Posts: 18682
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

See my other post. Bedcause you have no treaty protection, ANYTHING you have is a CDn tie. Get rid of them. RRSPs too.
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
ruib77
Posts: 42
Joined: Sat Jul 14, 2012 10:17 pm

Post by ruib77 »

Is it applicable for Canadians working in US with TN?
nelsona
Posts: 18682
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

This person was not moving to US. Please don't resurrect old posts that don't apply to you.
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
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