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Hey I’m a Canadian Citizen and worked temporarily in the US for 4-5 months on a TN visa. As such, I received a SIN number which allows me to open up most financial accounts in the US.
I moved back to Canada but still have funds in my US bank account (bank of America). I was thinking, rather than pay US-CAD conversion fees, I’d rather just open up a US trading account and trade in the USD that I earned.
Can I open up a tax free retirement account (Roth IRA), and subsequently will I have to pay any additional taxes given that I’m residing in Canada? Also, how can I check how much room I have for contributions for a Roth IRA? I’m used to a TFSA here in Canada.
Thanks
submitted by /u/Significant-Low-8026
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I moved back to Canada but still have funds in my US bank account (bank of America). I was thinking, rather than pay US-CAD conversion fees, I’d rather just open up a US trading account and trade in the USD that I earned.
Can I open up a tax free retirement account (Roth IRA), and subsequently will I have to pay any additional taxes given that I’m residing in Canada? Also, how can I check how much room I have for contributions for a Roth IRA? I’m used to a TFSA here in Canada.
Thanks
submitted by /u/Significant-Low-8026
[link] [comments]
Continue reading...
