If an individual resident of Canada emigrates to the U.S., he will have a deemed disposition at fair market value of the assets in his brokerage accounts and his RRSP.

Question

Quizplus · Accepted Answer

While an individual resident of Canada emigrating to the U.S. will have a deemed disposition at fair market value of the assets in his brokerage accounts, this does not apply to his Registered Retirement Savings Plan (RRSP). The RRSP can remain intact until withdrawal.

If an Individual Resident of Canada Emigrates to the U