News Summary

• Q. I have $1 million in stocks that are not in a registered investment plan and they are up $300,000 since we left Canada.
• Is that money taxable at some point or does it need to be secured in some way if I become a U.K. tax resident?
• I’m assuming that if I bring my Canadian assets to the U.k., there will be a tax to pay.
• A.
• There is a tax treaty between Canada and the.
• U.S. that seeks to determine, among other things, residency and who taxes what income.