February 2016 archive

Why Canadian mutual funds can cause U.S. tax headaches – Repost

Why Canadian mutual funds can cause U.S. tax headaches Written by: Max Reed Common Canadian investments can inadvertently cause U.S. tax problems for U.S. citizens in Canada. Let’s take a really common example that we see frequently. Jack is a U.S. citizen in his 50s who married Jill (a Canadian citizen) many years ago. They have …

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How The U.S. May Tax a Canadian Tax Free Savings Account – Repost

How The U.S. May Tax a Canadian Tax Free Savings Account Written by: Terry Ritchie   Qualified individuals in Canada can start a Tax Free Savings Account (TFSA) and earn income in a tax-free manner. The TFSA account provides tax benefits for savings where investment income earnings, including capital gains and dividends, are not taxed when …

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