Author Topic: US-Canadian investing and taxes ... the OTHER direction  (Read 1333 times)


  • Bristles
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US-Canadian investing and taxes ... the OTHER direction
« on: March 11, 2015, 07:45:35 AM »
I'm a US citizen who's immigrated to Canada (so, the opposite of MMM).

I'm trying to figure some things out in terms of how this could hurt me on the back end.

As I understand it:
1) There's a tax treaty for RRSPs, and an IRS form I can fill out to have my RRSP-diverted income treated as deferred until withdrawal by the US;
2) There's no tax treaty for TFSAs (yet?)*;
3) Canada won't treat Roth IRA withdrawals as non-taxable if the deposits were made when I was a resident of Canada (but if I took, say, six months to live in the US and rolled funds into one at that time, they would, I think--but given the annual limit that's hardly worth it).

*BUT: I plan to have an income much lower than the foreign-income cutoff (which is currently about $97k/year and rises each year) by the time I'm withdrawing from my TFSAs, so surely it won't matter, in that the US won't care about the growth if my income is lower than that? Or am I wrong because it would attract capital gains taxes?

In case it's not obvious, I'm a little lost. Most of what I'm finding is resources for people who have gone the other direction, or who are non-US citizens who lived in the US for a while.

Any of y'all dealing with this? What are your plans?