Tax planning is the key to living a stress-free cross-border retirement. Often, we focus on tax strategies during retirement. However, many of our clients are still employed, and long-term tax planning while working is just as important. Today, we discuss…
Tag: Canada-U.S. Retirement Planning
U.S. Taxes Could Double For Canadians
A new provision in the "Big Beautiful Bill" could more than double Canadians' taxation on U.S. investments. In this video, we discuss the changes, who may be impacted, accounts that will be affected, and strategies to minimize the potential new tax.
Avoid These 5 Costly Cross-Border Financial Mistakes!
Do you know that the failure to file a single tax report can result in $10,000 a year in penalties? This is just one of many mistakes that we see cross-border retirees make, which can lead to financial hardship. In…
Read More Avoid These 5 Costly Cross-Border Financial Mistakes!
Free Cross-Border Retirement Checklist
Organize Your Cross-Border Retirement Cross-border planning can be confusing. You have retirement accounts and benefits in two countries, taxes you must plan for in two jurisdictions, and an unpredictable exchange rate. We have created this checklist so that you can…
Should a Canadian Green Card Holder Get U.S. Citizenship?
A recent bill proposed in the House would potentially eliminate Social Security benefits for families that leave the U.S. and are not U.S. citizens. This has caused many people to ask if they should get their U.S. citizenship. Today, we…
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An Update on the WEP Elimination Bill
President Biden has signed off on the Social Security Fairness Act, which eliminates WEP and GPO. Eliminating WEP may mean hundreds of extra dollars per month in Social Security benefits for families that have lived and worked in the U.S.…
WEP is Eliminated!
Last night, the Senate voted to repeal the Windfall Elimination Provision (WEP). This may mean hundreds of dollars more in monthly social security benefits for families that also have a Canada Pension. In this video, we discuss: - The Social…
Missing These Cross-Border Tax Forms Could Cost You Thousands!
As a cross-border financial planner, we review all of our clients' tax returns. Unfortunately, this means catching many mistakes that can be very costly. If you have Canadian accounts, failing to report these on your taxes can cost you up…
Read More Missing These Cross-Border Tax Forms Could Cost You Thousands!
U.S. Spousal Social Security For Canadians
Did you know that you may be eligible to collect a Spousal Social Security benefit even if you have never worked or lived in the U.S.? Imagine never living in the United States but still collecting $1,400 monthly from Social…
OAS Income Clawback for U.S. Residents
Have you lived and worked in the U.S. and Canada and are now approaching retirement? Old Age Supplement (OAS) is one of the most misunderstood benefits for Canadians retiring in the U.S. Today, we clear up some misconceptions regarding OAS.…