Transferring a Foreign-Based Retirement Plan to an RRSP

 March 24, 2023 |Charles W. Cullen III
Possibly the most common in-bound question we get is can I move my 401K/IRA to an RRSP? This is a tax-deferred strategy worth considering if you are retiring in Canada. However, to properly execute the strategy, many factors must be in place and considered...
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Taxation of Canadian Registered Savings Plans for U.S. Persons

 March 16, 2023 |John Donaldson
In Canada, we have a number of registered savings plans available to Canadian residents that provide tax and other benefits. However, some of these plans, for U.S. persons, may be subject to punitive U.S. tax, additional U.S. tax filing requirements and/pr...
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Passive Foreign Investment Company (PFIC) Rules

 March 09, 2023 |Charles W. Cullen III
Can American's living in Canada own Canadian mutual funds, pooled funds, and exchange trade funds? The answer on PFICs is complex and has many factors to consider. For more information, please reach out. Click Here
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U.S. Estate, Gift and Generation-Skipping Transfer Tax (GSTT)

 March 02, 2023 |Charles W. Cullen III
The U.S. tax system is composed of an income tax system and a transfer tax system. Planning for the U.S. transfer tax system, while alive and for when you pass away is extremely important. For more information, please reach out. Click Here
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