- Nov 9, 2012
- 22
- Category........
- Visa Office......
- CPP-O
- Job Offer........
- Pre-Assessed..
- App. Filed.......
- 23-11-2012
- AOR Received.
- 29-11-2012
- File Transfer...
- 29-11-2012
- Med's Done....
- 14-11-2012
- Passport Req..
- 08-05-2013 never received, pp submitted 09-07-2013
- VISA ISSUED...
- 31-07-2013
- LANDED..........
- 22-08-2013
My husband and I both have money in US Health Savings Accounts (HSA) and are aware that withdrawal of those funds (for non-medical use) will be subject to US tax and 20% withdrawal penalty. However, I think I recall hearing that after my husband's PR is approved and we are both living in Canada, the tax AND the penalty can be offset by Foreign Tax Credits (i.e. the tax we will pay in Canada, that will likely be higher than US taxes). Does anyone have any info, explanations or experiences they can share with me?
Many thanks!
Many thanks!