US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Posts filed under ‘RESP (Registered Educational Savings Plan)’

AndersenTax

Alert for Parents: Education Savings Plans and US Tax Issues

Children. From the moment they’re born you start planning for their future. And like a lot of good parents, you start to save money for their future education early. Both Canada and the US have great education savings programs whereby generally any plan earnings are tax-deferred until Junior goes off to post-secondary education. But tax problems can arise with these education savings plans when you have to file tax returns in both Canada and the US, or you move from… Read More