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Thanks @chikoo1985, I am working from a CPA here in Vancouver.

Thanks for the quick response. One related question: Since I am not earning any income in the U.S, I am contemplating converting some of my funds from Traditional IRA to Roth IRA. I want to keep that amount below the 2020 Standard deduction amount ($12,400). This way, the investments can grow...

Thanks for all the wonderful questions and answers on this post. I have a follow up question: I got Canadian PR last year(2019) and am currently working in Canada. I also have an approved I-140 with PD in 2013, so that's pretty much useless for an Indian national. I have IRA and 401K...

Thanks for your detailed post, @chikoo1985 , I am in a similar situation ie., a Canadian PR and not a US Citizen or a GC holder, planning to work for a US firm remotely in Canada. I am planning to talk to a CPA to discuss the process of opening a business and being a self-employed independent...