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Subject: Re: What happens to a Roth if you retire to Cana | Date: 3/16/2000 8:56 AM | |
Author: TMFPixy | Number: 20133 of 107492 | |
Greetings, Reidmp, and welcome. You wrote in part: <<I have no idea what the situation would be if I moved back to Canada and was filing a Canadian tax return. I know there are complementary taxation agreements between the US and Canada, but I don't know if that means my Roth distributions would be treated as tax-free in Canada. If not, then it is highly unlikely that I'd ever want to do a rollover from an IRA to a Roth IRA (unless I yanked all the money out of the Roth before moving, but then it wouldn't be invested as long and I probably wouldn't gain anything from the conversion). Any ideas?>> That is an issue of international tax agreements between Canada and the United States. My suggestion is you ask a Canadian tax advisor what the impact would be. Regards..Pixy |
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