Mike and Sandy have lived and worked in the U.S. and Canada for 20 years. They were shocked to learn just how much they would receive from U.S. Social Security, the Canada Pension Plan (CPP), and Old Age Security (OAS).…
Read More How Much Will I Collect in Social Security, CPP, and OAS in Retirement?
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…
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!
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…
"Bryan, if I knew I was going to have this much in retirement income, I would have retired years ago!" was an exact quote that I got from a new client a few weeks ago. We reviewed his retirement income…
Read More How Much You May Collect From Canada Pension, OAS, and U.S. Social Security
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
Recently, I got a pretty basic question on the website. Well, what seemed basic enough. Does WEP also apply to a Canadian who lived in the US, never worked in the US, but collects Social Security spousal benefits due to…
Read More How CPP Impacts Your Spouse’s U.S. Social Security Benefit
When I called a prospective client a week ago, my jaw dropped. "What do you mean you're not going to turn on your CPP benefit?", I asked in amazement. She had been told that CPP reduces her social security benefit,…
"I can travel more!" That was the first thing Anne said when we discovered that she should be receiving an extra $610 per month from Canada. It was a benefit, that her U.S. and Canada financial advisors had missed. The Canadian…
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…
