Tax-Free Accounts: Who Can Contribute Limits Taxation & Cross Border Considerations

Tax-Free Accounts: Who Can Contribute, Limits, Taxation, and Cross-Border Considerations

For Americans and Canadians looking for tax-efficient ways to save, three accounts stand out:

Roth IRA (U.S.)

Tax-Free Savings Account (TFSA) (Canada)

Health Savings Account (HSA) (U.S.)

Each offers unique tax benefits and growth opportunities, but the rules for contributions, taxation, and especially cross-border considerations are very different.

In this video, we explain:

Who can contribute to Roth IRA, TFSA, and HSA

Annual contribution limits for each account

How taxation works in Canada and the U.S.

Important cross-border considerations for dual citizens and expats

At 49th Parallel Wealth Management, we specialize in helping clients navigate Canada–U.S. cross-border financial planning — from investments and retirement planning to taxes and estate strategies.

👉 Read the full article here: Tax-Free Accounts Blog

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Website: 49thparallelwealthmanagement.com

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