RRSP Rollover

FACTS:
RRSP owner left in Canada but is now a resident of the US with no intention of returning to Canada to live.

Are any tax-free rollover options available to US retirement account – such as an IRA?

If not:
Can the owner keep the assets in the RRSP?
Upon distribution how is he taxed?
Is he subject to both US and Canadian taxation?

All help is appreciated.

Thank ou



An RRSP cannot be rolled over to an IRA or other US retirement account. Can’t help with the international tax issues.



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