Does anyone have experience with tax exposure unregistered investments on moving to the U.S.?
As far I as understand, you're pay capital gains tax in Canada as if you had sold all your investments, and the price when you move is your new basis.
Does the same thing happen when you move back to Canada?
Also, I've heard that the TFSA is not recognized/disadvantaged in the U.S. Is the best course of action to fully liquidate/pull out investments?
What are the tax implications of starting an IRA and 401k then moving back to Canada?
As far I as understand, you're pay capital gains tax in Canada as if you had sold all your investments, and the price when you move is your new basis.
Does the same thing happen when you move back to Canada?
Also, I've heard that the TFSA is not recognized/disadvantaged in the U.S. Is the best course of action to fully liquidate/pull out investments?
What are the tax implications of starting an IRA and 401k then moving back to Canada?