rrsp & dpsp to personal account

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tony
Posts: 102
Joined: Tue Oct 18, 2016 8:50 pm

rrsp & dpsp to personal account

Post by tony »

After I resign from a company in canada on Nov 11, 2016 then I flied to California on Nov 12, 2016 to work.
However, the procedure to close & transfer those accounts into my personal account takes 2 weeks, where I already reside in California.

Is that transaction need to be reported in state tax filing?
nelsona
Posts: 18699
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Only to the extent that you may have sold particular investmetns with the accounts, and they incurred gains.

Otherwise, transfers between accounts is not taxable, just like in an normal brokerage account.
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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