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.…
Tag: Canada-U.S. Retirement Planning
The Worst U.S. State For a Canadian to Retire
This video discusses the U.S. states with the highest and lowest taxes on your Canadian benefits and account withdrawals. We talk about: The tax treatment of your CPP and OAS The states that will tax your CPP and OAS State…
4 Medicare Mistakes to Avoid as a Cross-Border Retiree
Imagine that you are getting excited about turning 65 and finally going onto Medicare. Turning Medicare age may mean significant monthly medical premium payment savings for most. However, now imagine that you get a letter from Medicare that you will…
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Cross-Border Tax Strategies: RRSP Withdrawals or Roth Conversions?
In this video, we discuss different cross-border tax strategies. In particular, is it better to take RRSP withdrawals or implement a Roth conversion strategy for retirement? We discuss: The Retirement "Tax Valley" Filling up this Tax Valley with RRSP Withdrawals…
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Cross-Border Retiree: Can I retire with a C$300k RRSP and a $700k 401(k)?
Have you lived and worked in the U.S. and Canada and are now approaching retirement? In this video, we review a situation in which a couple has lived and worked in both Canada and the U.S. for 20 years and…
Read More Cross-Border Retiree: Can I retire with a C$300k RRSP and a $700k 401(k)?
The Best (And Cheapest!) Way to Move Money From Canada to the U.S.
Are you looking to move money from Canada to the U.S. but don't want to lose thousands in exchange rate and bank fees? This video discusses different strategies for moving money from Canada to the U.S. We discuss: Reporting requirements…
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Video: Collecting Your Canada Pension (CPP) as a U.S. Resident
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
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…