5 Options for Canadians with US IRAs

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On episode #5 of the Expat Tax and Financial Planning Podcast we discuss some options for Canadians holding US IRA accounts.

Whether you moved up to Canada with a pre-existing IRA or have inherited an IRA from a relative living in the US the following discussion should help you make a decision on what to do with your US IRA accounts.

Collapse the IRA and bring the money to Canada

Roll the IRA into a ROTH IRA

Leave the IRA in the US

Transfer the IRA to an RRSP

Transfer the IRA to a Canadian border with both a US and Canadian securities license.

Other issues to note about your IRA

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Disclaimer:
The views expressed are those of Beacon Hill Wealth Management Ltd. partners and may change without notice. This content is for informational purposes only and does not constitute investment or tax advice, or a recommendation regarding any security, strategy, or account. Past performance is not indicative of future results. Investing involves risk, including the possible loss of principal. For tax matters, consult your own professional advisor.