Myth - The withholding tax can be paid from outside the RRSP/RRIF/LIRA

Often, an RRSP/RRIF/LIRA may contain nothing but investments that you may not want to sell.  As a result, you may want to keep all the investments intact and pay the withholding tax by a separate check so that nothing has to be sold. Unfortunately, the withholding (hence the term) MUST come from within the RRSP/RRIF/LIRA account.

 


Income Tax Planning
Tax Filing Requirements - which tax return do you file? In which country? When?
Severing Ties With Canada - make sure you are not taxed in both Canada and the US!
The Canada/US Tax Treaty - learn what it is and how it works.
Taxation of RRSPs/RRIFs/LIRAs - landmines in waiting.
Taxation of Interest & Dividends - potential for double tax.
Taxation of Capital Gains - Which country taxes? Canada/US comparison.
Taxation of Pensions - company pensions, OAS, CPP/QPP.
Social Security Number - or Individual Taxpayer Identification Number, why you might need one.
Taxation of Rental Properties - a paperwork nightmare how to apply.
Foreign Tax Credit Planning - your ticket to avoiding double taxation.
Key Differences - Canada/US comparison of tax brackets, deductions, and so on.



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