+1(514) 937-9445 or Toll-free (Canada & US) +1 (888) 947-9445
Client Portal
AdUnit Name: [Header]
Enabled: [No],   Viewed On: [Desktop],   Dimensions: [[728,90],[300,250],[970,250]]
CampaignId: [/22646143967/candadavisa/ForumHeaderGeneric],
forumSection: Moving to Canada from the U.S., subForumSection: H-1B Holders in the U.S.

Securities in USA brokerage account while working in Canada

AdUnit Name: [ForumThreadViewRightGutter]
Enabled: [Yes],   Viewed On: [Desktop],   Dimensions: [[300,250],[300,600]]
CampaignId: [/22646143967/candadavisa/ForumThreadViewRightGutter],
forumSection: Moving to Canada from the U.S., subForumSection: H-1B Holders in the U.S.
AdUnit Name: [AboveMainContent]
Enabled: [Yes],   Viewed On: [Desktop],   Dimensions: [[728,90],[970,250],[300,250]]
CampaignId: [/22646143967/candadavisa/ForumHeaderGeneric],
forumSection: Moving to Canada from the U.S., subForumSection: H-1B Holders in the U.S.
M

mantrip84

Star Member
Dec 5, 2016
68
12
Hi,

I moved to Canada on Work permit after working in USA on H1B visa for many years. I am neither citizen of Canada nor USA.
I hold securities in brokerage account in USA. Also, I am planning to open brokerage accounts in Canada.
Please let me know:
1. How does tax calculations work in Canada if I buy/sell securities from my USA account? I understand I have to declare my gains and losses at both places, but can I declare taxes paid in USA for Canadian tax calculations?
2. Overall is it worth a hassle to keep my US accounts active and let the securities grow in it? What are the implications on long term?

Would appreciate all the advice.
 
You must log in or register to reply here.

Similar threads

ratul2k14
Brokerage Account
Replies
3
Views
7K
Permanent Residence in Canada
scylla
S
S
H1B holder in US moving to Canada on PR - Transferring investments?
Replies
2
Views
5K
H-1B Holders in the U.S.
wink
W
I
Selling house in USA
Replies
1
Views
3K
H-1B Holders in the U.S.
harirajmohan
H
U
stocks and etfs in US brokerage account
Replies
2
Views
5K
Canadian Finance and Taxation
Kaileybr
Kaileybr
S
Trading in US account from Canada
Replies
1
Views
5K
H-1B Holders in the U.S.
canprofus
C
AdUnit Name: [BelowMainContent]
Enabled: [No],   Viewed On: [Desktop],   Dimensions: [[728,90],[300,250]]
CampaignId: [/22646143967/candadavisa/ForumHeaderGeneric],
forumSection: Moving to Canada from the U.S., subForumSection: H-1B Holders in the U.S.
AdUnit Name: [Footer]
Enabled: [No],   Viewed On: [Desktop],   Dimensions: [[728,90],[300,250]]
CampaignId: [/22646143967/candadavisa/ForumHeaderGeneric],
forumSection: Moving to Canada from the U.S., subForumSection: H-1B Holders in the U.S.