New Tax Treaty between Canada and U.S.
presented by U.S. Treasury Department
A consolidated version of the Canada U.S. tax treaty with amendments made by the fifth protocol incorporated.
Taxable Portion of RRSP withdrawals for US taxpayers
Computing the nontaxable portion of an RRSP withdrawal for a US citizen or resident can be a difficult. Even the rules for lump sum withdrawals or RRIFs and annuities are quite different. The first thing to do is determine your "investment in the contract" Our worksheet is available help determine your cost for US tax purposes.
Summary of RRSP Contributions and Earnings Worksheet
Complex rules, which change depending on the year of contributions, may allow for a portion of RRSP/RRIF withdrawals to be tax free for U.S. federal tax purposes. Different states may have different rules than federal. NJ, CA and GA in particular do not recognize tax deferral on earnings in an RRSP.
Taxable Portion of United Nations Pensions for Canadian Residents
The attached paper was prepared for Canadian resident recipients of pensions from the United Nations - a U.S. source pension. The Canada U.S. Tax Treaty allows for taxing the pension in Canada under U.S. rules. The topics covered cover most tax issues for both US and Canadian residents on determining the taxable portion. In many cases both contributions by the taxpayer and the employer can be excluded.
Taxation of UN pensions for Canadian Residents
IRS Revenue Procedures, Rulings and Notices
Procedures for electing under Article XIII(7) of the Tax Treaty regarding Deemed Dispositions by Individuals Emigrating from Canada. (Basis step-up for U.S. purposes)
Procedures for requesting Competent Authority Assistance under Tax Treaties
Determining source of a U.S. pension to nonresident aliens for calculating nonresident withholding tax
RRSP & RRIF Information reporting
Information with respect to certain foreign trusts - Canadian RRSPs
Requirement to file forms 3520 or 3520-A for Canadian RRSPs
Treatment of RRSP Earnings and Distributions
Rollovers Between Canadian Retirement Plans will qualify for tax deferral under U.S.-Canada Tax Treaty
Election to defer United States income tax on the earnings accrued in an RRSP for years after 1998 and before 2001
CCRA Interpretation Bulletins, Information Circulars and Letters
Revenue Canada discusses their position on Taxation of Roth IRAs under the new treaty rules.
Revenue Canada discusses their position on rules for transfers of IRAs to RRSPs
Tax Deductibility of a 401(k) transfer to IRA followed by a transfer to RRSP
Canada - U.S. Tax Convention - Number of Days present in Canada
Determination of an Individual's Resident Status
Capital gains derived in Canada by Residents of the United States
United States Social Security Taxes and Benefits
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