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Feb 10, 2020 7:19 am
I am an Albertan and a US Green Card holder. If I was to open a brokerage account in Canada and trade stocks, futures and options, is that declarable to the US? If so, is it only US based underlinings I would have to declare? or is it any investment profits (including TSE companies)?
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Feb 12, 2020 1:43 pm
Since you are a US Green Card Holder, you have to report all income and gains from Canadian investments to the IRS, and pay US income/capital gains tax. However, you will receive a foreign tax credit on your US return for the Canadian taxes paid.