This is a multi-part message in MIME format. ---------------------- multipart/alternative attachment David, a Canadian-specific question: If a married couple (one spouse American PR (files separately), one = canadian) hold investments outside of their RRSPs, is there a "best" way = to do it: joint trading account, separate trading accounts? And are = there special rules/taxation for American PRs holding 1) Canadian = stocks, 2) American stocks. And for Canadian holding US or CDN stocks? Many thanks for this. xxx -------------------------------- david ingram replies: Joint tenancy with right of survivorship is likely the best for both = countries. No special rules for either cvountry except that if the = American owns US stocks and bonds and the US tax is more than 15% on the = dividends and interest, there are some special foreign tax credit = calculations that have to be made. =20 That is the reason for the box "reclassified by treaty" on the top of = the US federal foireign tax credit form 1116. Joint tenancy makes probate silky smooth in both countries. Of course, I can always make an argument for almost any split with more = information. I know this will not likely help much but at least it is an answer. I = am feeling very philosophical at the moment. Answers to this and other similar questions can be obtained free on Air = every Sunday morning. Every Sunday at 9:00 AM on 600AM in Vancouver, Fred Snyder of Cartier = Partners and I will be hosting an INFOMERCIAL but LIVE talk show called = "ITS YOUR MONEY" Those outside of the Lower Mainland will be able to listen on the = internet at www.600AM.com=20 Local phone calls to (604) 280-0600 - Long distance calls to = 1-866-778-0600.=20 Old shows are archived at the site. This from ask an income tax immigration planning and bankruptcy expert = consultant guru or preparer from www.centa.com or www.jurock.com or = www.featureweb.com. Canadian David Ingram deals daily with tax returns = dealing with expatriate: multi jurisdictional cross and trans border expatriate gambling refunds = for the United States, Canada, Mexico, Great Britain, the United = Kingdom, Kuwait, Dubai, Saudi Arabia, South Africa, Thailand, = Indonesia, Egypt, Antarctica, Japan, China, New Zealand, France, = Germany, Spain, Italy, Russia, Georgia, Brazil, Peru, Ecuador, Bolivia, = Scotland, Ireland, Hawaii, Florida, Montana, Morocco, Israel, Iraq, = Iran, India, Pakistan, Afghanistan, Mali, Bangkok, Greenland, Iceland, = Cuba, Bahamas, Bermuda, Barbados, St Vincent, Grenada,, Virgin Islands, = US, UK, GB, American and Canadian and Mexican and any of the 43 states = with state tax returns, etc. income tax wizard wizzard guru advisor advisors experts specialist = specialists consultants taxmen taxman tax woman planner planning = preparer of Alaska, Alabama, Arkansas, Arizona,=20 California Denver Colorado, Connecticut, =20 Delaware District of Columbia Miami Florida,=20 Garland Georgia, Honolulu Hawaii, Idaho, Illinois, Indiana Des Moines Iowa Kansas Kentucky,=20 Louisiana Bangor Maine Maryland =20 Boston, Massachusetts, Michigan, Minnesota, =20 Mississippi, Missouri, Montana, Nebraska, =20 Nevada, New Hampshire, New Jersey,=20 New Mexico,New York, North Carolina, =20 North Dakota, Ohio, Oklahoma, Oregon.=20 Paris, Rome, Sydney, Australia Hilton Pennsylvania, Rhode Island, Rockwall,=20 South Carolina, South Dakota, Tennessee, =20 Texas, Utah, Vermont, Virginia,=20 West Virginia, Wisconsin, Wyoming,=20 British Columbia, Alberta, Saskatchewan,=20 Manitoba, Ontario, Quebec City,=20 New Brunswick, Prince Edward Island,=20 Nova Scotia, Newfoundland, Yukon and=20 Northwest and Nunavit Territories, =20 Mount Vernon, Eumenclaw, Coos Bay=20 and Dallas Houston Rockwall Garland=20 Texas Taxman and Tax Guru and wizzard=20 wizard - David Ingram's US/Canada Services US/Canada/Mexico Tax Immigration & working Visa Specialists US / Canada Real Estate Specialists 4466 Prospect Road North Vancouver, BC, CANADA, V7N 3L7 Calls accepted from 10 AM to 10 PM 7 days a week Res (604) 980-3578 Cell (604) 657-8451 Bus (604) 980-0321=20 [email protected] www.centa.com www.david-ingram.com Disclaimer: This question has been answered without detailed = information or consultation and is to be regarded only as general = comment. Nothing in this message is or should be construed as advice = in any particular circumstances. No contract exists between the reader & = the author and any and all non-contractual duties are expressly denied. = All readers should obtain formal advice from a competent financial, or = real estate planner or advisor & appropriately qualified legal = practitioner, tax or immigration specialist in connection with personal = or business affairs such as at www.centa.com. If you forward this = message, this disclaimer must be included." ---------------------- multipart/alternative attachment An HTML attachment was scrubbed... URL: http://www.centa.com/CEN-TAPEDE/centapede/attachments/511e9607/attachment.htm ---------------------- multipart/alternative attachment--
