Best plan for US retirement accounts after moving to Canada
Moderator: Mark T Serbinski CA CPA
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- Posts: 137
- Joined: Wed Jul 29, 2009 8:30 am
Chalk up one more US brokerage that has decided to shut down accounts of Canadian residents. ETrade this week has contacted all Canadian resident customers and told them they are no longer permitted to do business with Canadian residents. It looks like TD Ameritrade and Interactive Brokers are the only big ones remaining.
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- Posts: 137
- Joined: Wed Jul 29, 2009 8:30 am
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- Posts: 137
- Joined: Wed Jul 29, 2009 8:30 am
nelsona. KYC is "Know your customer". The banks have to abide by it to avoid terrorists/money launderers using their institutions to move money around.
patti. They said they would dissolve the account. I didn't stick around to have that happen. Just transferred everything to TD and I'm happy with them so far.
patti. They said they would dissolve the account. I didn't stick around to have that happen. Just transferred everything to TD and I'm happy with them so far.