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chungbukdo
Joined: 22 Aug 2010
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 Posted: Wed Aug 10, 2011 9:00 pm Post subject: RRSP |
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| If you're a Canadian and you work in Korea all your life, can you ever contribute to an RRSP so you can make tax-free compounded stock market gains? Or is that not an option since you don't earn in Canada? Are there similar accounts in Korea? |
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ttompatz
Joined: 05 Sep 2005
Location: Kwangju, South Korea
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| Posted: Wed Aug 10, 2011 9:21 pm Post subject: Re: RRSP |
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| chungbukdo wrote: |
| If you're a Canadian and you work in Korea all your life, can you ever contribute to an RRSP so you can make tax-free compounded stock market gains? Or is that not an option since you don't earn in Canada? Are there similar accounts in Korea? |
Can you open and/or use the account =
a) NO, NOT if you are either "non-resident" or "deemed non-resident" for tax purposes. RRSP is a tax department creation.
b) YES, IF you are "resident" or "deemed resident" for (Canadian) tax purposes.
Can you contribute to a fund of your own (outside of Canada) and be free from Canadian taxes = yes.
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chungbukdo
Joined: 22 Aug 2010
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| Posted: Wed Aug 10, 2011 9:22 pm Post subject: |
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