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Apr 19, 2018 11:34 pm
i see little advantage to contributing to resp to my dual children (spouse and i recently moved back to Canada, now Canadian residents and citizens, never usa citizens). the benefit of the resp is the money grows tax free for education, but the irs does not recognize this as you pay yearly interest. why bother to do it in my particular case?
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Apr 24, 2018 3:11 pm
Hi, there is no advantage. Income from a RESP and TFSA is taxable in the US if you are a US citizen.