Most of our clients have an alphabet soup of retirement accounts. In Canada, they may have RRSPs, LIRAs, RESPs, Non-Registered accounts, and others. In the U.S., many will have IRAs, 401(k)s, Roth accounts, and brokerage accounts, to name a few. In this video, we discuss some Canadian accounts you may want to avoid if you are now a U.S. resident. In this video, we discuss:
- Reporting requirements for RRSPs and LIRAs
- The issue with Non-Registered Investment Accounts
- Strategies for your TFSAs
- RESP Gifting Strategy
View the video here:
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