Tax Consequences of Leaving Canada for the US (Part 2: The US & IRS)
Reading Time: 3 minutes A look at how the American IRS views Canadian investments, retirement accounts, and properties, and how they are taxed.
August 20, 2024
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Reading Time: 3 minutes A look at how the American IRS views Canadian investments, retirement accounts, and properties, and how they are taxed.
Reading Time: 2 minutes With Q4 on the horizon, it’s time to start thinking about large-scale, year-end accounting tasks. Depending on your business’s fiscal year structure, you may be
Reading Time: 2 minutes How your Canadian investments, including RRSPs, TFSAs, RESPs, HBP, LLP, rental properties, and principal residences, are taxed by the Canada Revenue Agency (CRA) when you leave Canada.
Reading Time: 2 minutes The average US-based or Canada-based CPA is not well-versed in the nuances of cross-border taxation
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or phil@philhogan.com