In this video, we discuss the following: - CPP basics for U.S. residents - The Windfall Elimination Provision (WEP) reduction - Strategies for maximizing your CPP and Social Security
Tag: Canada-U.S. Retirement Planning
The Exit Tax When Moving from the U.S. to Canada
Interested in moving to, or moving back to, Canada from the United States? I was recently speaking with a client that moved to the U.S. from Canada because of a “six-month” job assignment. Twenty years, three jobs, and four different…
CPP Spousal and Survivor Benefits in the U.S.
An interesting question came up the other day while meeting with a family. Will my wife get part of my CPP benefit now or if I were to die first? Here in the U.S., typically if you qualify for a…
RRSP Strategies When You Live In The U.S.
Jeannie thought withdrawing her full RRSP and moving the money to the states made the most sense. Her U.S. financial advisor even told her it was a good idea. However, when she finally received the money, she realized that she…
Can I roll my RRSP into an IRA?
It would be too easy. Taking your Canadian retirement assets, like RRSP (Registered Retirement Savings Plan), and roll into your U.S. accounts like an IRA. However, like most cross-border retirement issues, nothing is easy. For this reason, most people who…
How is my Canadian RRSP Taxed in the U.S.?
I have good and bad news for those of you that live in the U.S. but have a Canadian RRSP from when you lived in Canada. The good news is that there is a really good chance your taxation here…
Social Security Strategies When You Also Have a Canadian Pension
If you worked in both the U.S. and Canada, there is a good chance that you will have both U.S. social security and a Canadian pension. Unfortunately, this brings an added wrinkle regarding when you should turn on each benefit.…
Read More Social Security Strategies When You Also Have a Canadian Pension
Taxation of Your RRSP, RRIF, CPP, and OAS in the U.S.
Many retirement accounts, different country pensions, exchange rates, and multiple tax rates. Working both in the U.S and Canada sure does make things complicated. However, if you are retiring here in the U.S., your tax situation is much more favorable…
Read More Taxation of Your RRSP, RRIF, CPP, and OAS in the U.S.