Changing your tax residency Canadian residents must report their “world income” in Canadian funds. When they become non-residents, they must file a final tax return as of the…
Read more Moving abroad? Think about the tax consequences – MoneySenseCommon examples include American mortgage real estate investment trusts (mREITs) and business development companies (BDCs). Both tend to be highly leveraged and structurally complex, and the headline yield…
Read more Why Canadian investors should avoid MLPs – MoneySenseThis form is typically used for foreign bank accounts, foreign investment accounts or foreign rental properties, but it can include other foreign assets. Foreign investments, including U.S. stocks,…
Read more How to report foreign income in Canada – MoneySenseThe impact of your marginal tax rate It’s important to clarify, Ken, that if you have a minimum RRIF withdrawal with no tax withheld, that does not mean…
Read more How to plan for taxes in retirement in Canada – MoneySenseCan you transfer a RRIF to a TFSA? A RRIF is a tax-deferred account. A TFSA is a tax-free account. So, you cannot do a direct transfer between…
Read more Can you transfer a RRIF to a TFSA—and what are the tax implications? – MoneySenseTFSA day trading: Do you pay tax? Tax-free savings accounts (TFSAs) are mostly tax-free. When you buy and sell an investment for a profit, that is generally tax-free…
Read more When are TFSAs and RRSPs actually taxable? – MoneySenseShould Canadian non-residents keep their TFSAs? Tax-free savings accounts (TFSAs) can remain tax-free for a non-resident of Canada—at least from a Canadian perspective. If a foreign country taxes…
Read more Should Canadians keep their investment accounts when retiring abroad? – MoneySenseFirst, U.S. stocks are generally subject to 30% withholding tax on dividends for non-residents. It does not matter where the firm is located that offers and holds the…
Read more U.S. withholding tax in an RRSP for Canadians – MoneySense
