Finance
Moving abroad? Think about the tax consequences – MoneySense
[ad_1] Changing your tax residency Canadian residents must report their “world income” in Canadian funds. When they become non-residents, they must file a final…
Tag: withholding tax
Finance
Why Canadian investors should avoid MLPs – MoneySense
[ad_1] Common examples include American mortgage real estate investment trusts (mREITs) and business development companies (BDCs). Both tend to be highly leveraged and structurally…
Finance
How to report foreign income in Canada – MoneySense
[ad_1] This form is typically used for foreign bank accounts, foreign investment accounts or foreign rental properties, but it can include other foreign assets.…
Finance
How to plan for taxes in retirement in Canada – MoneySense
[ad_1] The impact of your marginal tax rate It’s important to clarify, Ken, that if you have a minimum RRIF withdrawal with no tax…
Finance
Can you transfer a RRIF to a TFSA—and what are the tax implications? – MoneySense
[ad_1] Can you transfer a RRIF to a TFSA? A RRIF is a tax-deferred account. A TFSA is a tax-free account. So, you cannot…
Finance
When are TFSAs and RRSPs actually taxable? – MoneySense
[ad_1] TFSA day trading: Do you pay tax? Tax-free savings accounts (TFSAs) are mostly tax-free. When you buy and sell an investment for a…
Finance
Should Canadians keep their investment accounts when retiring abroad? – MoneySense
[ad_1] Should 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.…
Finance
U.S. withholding tax in an RRSP for Canadians – MoneySense
[ad_1] First, U.S. stocks are generally subject to 30% withholding tax on dividends for non-residents. It does not matter where the firm is located…