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NH71
Returning Member

Canadian tax on inheritance of USA cash

I inherited a portion of my deceased sister IRA and chose to receive cash in lieu of an IRA, the US bank withheld 30% of the cash as US tax. Will I have to pay taxes in Canada?

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1 Reply
BillM223
Expert Alumni

Canadian tax on inheritance of USA cash

We do not handle Canadian tax questions on this forum. Please see our Canadian support site

 

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