Hi everyone,
Long time lurker, first time posting. Thank you for all the valuable information over the years!
I’m wondering if anyone has insight into tax implications when a US citizen opens a joint brokerage account with a Canadian spouse.
Most information I find is vague and relates to a standard tax on dividends, and I’m unsure if this applies in our case.
For context, my spouse is Canadian but does not hold any property or investments in Canada. They also do not have any Canadian income.
We both are full-time US employees and have no plan to move to Canada in the future.
Are you aware of how a joint account would be tax treated in this situation?
Thank you so much
Long time lurker, first time posting. Thank you for all the valuable information over the years!
I’m wondering if anyone has insight into tax implications when a US citizen opens a joint brokerage account with a Canadian spouse.
Most information I find is vague and relates to a standard tax on dividends, and I’m unsure if this applies in our case.
For context, my spouse is Canadian but does not hold any property or investments in Canada. They also do not have any Canadian income.
We both are full-time US employees and have no plan to move to Canada in the future.
Are you aware of how a joint account would be tax treated in this situation?
Thank you so much
Statistics: Posted by regardingwhat — Tue Dec 26, 2023 10:03 am — Replies 0 — Views 11