Author Topic: Dual citizen Roth IRA Conversion  (Read 181 times)

Johnny

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Dual citizen Roth IRA Conversion
« on: July 16, 2018, 02:53:01 PM »
Hello,
I am a US/Canada dual citizen returning to Canada after a 20+ year absence. I just moved to BC so I believe I will be considered a resident of BC for 2018.

I took two years off working and would like to take advantage of low income by converting my American Traditional IRA to Roth IRA in the USA this year. I am not sure if this conversion is covered by US-Canada tax treaties...I don’t want to be double-taxed. I’m not even sure if I have to report this American “income” in Canada.

Thanks so much

Johnny

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Re: Dual citizen Roth IRA Conversion
« Reply #1 on: July 16, 2018, 05:44:40 PM »
Thanks for your response!

Well, I haven't officially moved here yet so I'm not a BC resident. I think I'm still considered a "visitor" since I'm totally off the Canadian radar. I've been back for a month but I think when I go in to get my drivers license and apply for MSP would be the official start date of my residency. Using the 183 day rule, however, I would be considered BC resident for 2018 since I arrived before July.