Canadian RRSP, etc

[LuvIllinois 1]

Once I move to the US, can I keep my investments going in Canada? I plan on buying additional investments in the US once I get there, but I also want to keep what I have.

I also have a small life insurance policy that I will keep as well. I know that is fine, I used to assist a lady in life insurance and she had a few Canadian clients that ended up moving to the us. Instead of monthly payments, they just paid it up annually to make it easier.

I don't care if I have to continue doing taxes for both Canada and the US, so that's not an issue for me. Anything else I need to consider?

Thanks!

[Flames9_RN 358]

You must report your RRSP's to the IRS at tax time--done by form 8891 http://www.irs.gov/pub/irs-pdf/f8891.pdf

As well you have to notify whoever is handling ur RRSP's in Canada that ur no longer a CDn resident--they send you a form to fill out, can't recall what the form is called. I can't recall if you can keep adding to ur RRSP's or not, some of those rules have chnaged.

Keep in mind, the IRS wont tax you on ur RRSP's in Canada if u leave them alone--form 8891 is just telling them u have them. But I have been told (no clue if its true) that some States may tax you on the RRSP, even if u dont touch them.

A fairly good tax site is http://forums.serbinski.com/#top if you do a search, you should find a lot of info there! At 1 time, the fellow that answered about 90% of the questions--Agnelsona--appears to be very knowledgeable, but get a bit grumpy if you ask a question that has been asked many times,lol

[LuvIllinois 1]

Thank you. I won't be adding to my current investments here but I also didn't want to cash them out either. Our plans are to stay in the US indefinitely, but you never know if we decide to move back (ya know, in case it all goes insane but Canada doesn't...LOL...we are keeping our options open!)