Becoming a non-resident with TFSA, RRSP accounts

By Marly Peikes (August 8, 2022, 11:50 AM EDT) -- Many individuals take advantage of registered savings plans in Canada. The most commonly known plans are Tax-Free Savings Accounts (TFSAs) and Registered Retirement Savings Plans (RRSPs). There are certain rules and restrictions to be aware of for Canadians who have such plans and become non-residents for tax purposes. In a previous article, “Moving to the U.S. and Retirement Plans,” we looked at a few planning strategies regarding registered plans in the context of immigrating to the U.S....