What to do with UK ISA
Jun 19th 2007 | 9:29 pm
#1
Thread Starter
Forum Regular
Joined: Feb 2007
Posts: 147
From: Oakville, ON
What to do with UK ISA
Has anyone done anything with their ISA's on moving to Canada? There is no UK tax benefit if you continue to hold these unless you plan on returning to the UK. From what I can make out the Canadians may want to collect tax on the income and gain on these accounts.
Has anyone tried to transfer their ISA's to a RRSP's ?
Has anyone tried to transfer their ISA's to a RRSP's ?
Jun 20th 2007 | 4:05 am
#2
Just Joined
Joined: Mar 2005
Posts: 17
Re: What to do with UK ISA
Has anyone done anything with their ISA's on moving to Canada? There is no UK tax benefit if you continue to hold these unless you plan on returning to the UK. From what I can make out the Canadians may want to collect tax on the income and gain on these accounts.
Has anyone tried to transfer their ISA's to a RRSP's ?
Has anyone tried to transfer their ISA's to a RRSP's ?
We opted to cash ours in, and will start again putting the cash into RRSPs in Canada. Then it is clear that Canadian tax will not apply to any capital gain or income.
Would be a good idea if they could be transferred, but just don't think the systems are up to that yet.
Rob
