RRSP and IRA sound similar—but here’s the catch 🇨🇦🇺🇸

RRSP and IRA sound similar—but here’s the catch 🇨🇦🇺🇸

Your RRSP holds pre-tax income earned in Canada and grows tax-deferred.

Your IRA holds pre-tax income earned in the U.S., also tax-deferred.

✅ Same tax treatment.
❌ But different countries = no direct rollover.

They’re treated as retirement accounts in each country, but you can’t transfer between them.

#RRSP #IRA #CrossBorderTaxes #AkifCPA #TaxTips #CanadaToUS

Check out my video for why it doesn’t work — and what happens when you withdraw.

#RRSP #IRA #CrossBorderCPA #TaxTips #RetirementMoney #USCanadaTaxes #AkifCPA #FinanceTok #TaxTok #CPAInsights

🇨🇦🇺🇸 Can You Roll Over Your RRSP Into a U.S. IRA? Here's What You Need to Know

Full video on my YouTube Channel:    • Can You Roll Over Your RRSP Into a U.S. IR...  

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