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…

How CPP Impacts Your Spouse’s U.S. Social Security Benefit

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…

The 5 Biggest Cross-Border Planning Mistakes to Avoid In 2019

Sheila was advised by her U.S. based financial planner to withdraw her RRSP, and bring it to the U.S. She thought it was a reasonable request.  At only $100,000, the RRSP represented only a small part of her total retirement…

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…

How Your Canada Pension Plan (CPP) Impacts Your U.S. Social Security Benefit

Retirement planning is hard enough if you have always lived and worked in the United States.  If you have worked in both Canada and the U.S., retirement planning may seem impossible.  You have to deal with a moving exchange rate,…