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How to Make a Roth IRA Election with CRA

Discussion in 'Canadian Finance and Taxation' started by Publius_Cornelius_Scipio, Nov 5, 2019.

  1. I will assume you know why you need to make such an election for your American Roth IRA. If you don't know, research it.

    I contacted CRA via mail recently and got the confirmation as below:
    We received your letter dated xxx in regards to filing an election for a Roth IRA. You should follow the steps as in the Technical News No. 43 where it says: How Should an Election be made?

    Technical News No 43 is available https://www.canada.ca/en/revenue-agency/services/forms-publications/publications/itnews-43.html

    Competent Authority Services Division is the branch of CRA which handles this issue. You can contact them for more informationhttps://www.canada.ca/en/revenue-agency/services/tax/international-non-residents/competent-authority-services/who-we-contact-us.html.

    I hope my information be useful to future readers.

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