Canadian Immigration Talk . org - Online Community/Communauté en ligne

Printer-friendly copy     Email this topic to a friend     Conferences Finance and Taxation - Finance et Fiscalite Topic #34 Reading Topic #34

jf Charter Member 28-Mar-01, 04:42 AM (EST)   "What to do with 401k after moving back to Canada?"      I am a Canadian citizen who was working in the US for 2 years and have moved back in the last year. During my work there, I contributed to a 401k plan. I cannot find information anywhere on what my options are now that I plan to stay in Canada. The mutual fund company isn't even sure if I can rollover the 401k to an IRA if I'm not a resident nor a citizen of the US. Also, is there any way to transfer the money into an RRSP here or would I be faced with doing a cash distribution and paying tax at the current Canadian income tax rate? Thanks for any help.   Alert | IP Printer-friendly page | Edit | Reply | Reply With Quote | Top