Go To Mortgage 101

Return To Group Index

From: ryeung@earthlink.net (Raymond Yeung)
Newsgroups: misc.invest.financial-plan
Subject: Questions on Canadians buying 529 Plan
Date: 19 Jul 2003 10:55:01 GMT
	iQBVAwUAPxkiY/l/I4+O31e5AQHT8QH/Z0prDZ/2ob+zVFJK89d9kLoFbE1kYNdQ
	T234epvbDtKp5vR0xuaXrBkwgBmLe80LIX8ObWMjcEBn6yAsxo2WVw==
	=xkEF
	tests=BAYES_00
	version=2.53

I've a U.S. tax and 529 Plan related scenario below.  Does
anyone have any idea or know where I can find more accurate
information?

My wife and I are both Canadians currently working in U.S.
Our kid however is a U.S. citizen.  If we participate in
529 Plan, what happens to the money if one day we decide
to move back to Canada under the current tax law?  Would we 
be treated as if we were still in U.S.?  What if our kid goes 
to a Canadian College, can we still qualify for tax free withdrawal?  
And also would we be double-taxed by Revenue Canada?