Canadian RRSP to an IRA??
I have a client who is a Canadian citizen and a US resident. He wants to roll his RRSP account in Canada to an IRA in the US? Can he do this as a tax free rollover?
I have a client who is a Canadian citizen and a US resident. He wants to roll his RRSP account in Canada to an IRA in the US? Can he do this as a tax free rollover?
Permalink Submitted by Alan Spross on Thu, 2007-11-29 19:43
No. See att’d:
http://www.garygauvin.com/WebDocs/IRS/No%20RRSP%20to%20IRA.pdf
Permalink Submitted by Denise Appleby on Thu, 2007-11-29 19:44
A foreign retirement plan [b]cannot [/b]be rolled over or transferred to an IRA or any other US “eligible retirement plan”