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…
Read More Cross-Border Tax Strategies: RRSP Withdrawals or Roth Conversions?
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)?
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…
Read More The Best (And Cheapest!) Way to Move Money From Canada to the U.S.
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
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…
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…
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…
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…
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…
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
