Join Us For a Free Webinar on January 15 at 8:00 pm ET When Joe and Amy came into my office, it was almost too late. Joe and Amy had met in college in Canada, and moved to the U.S.…
Just Announced: U.S.-Canada Cross-Border Retirement Webinar
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…
Retiring in the U.S. vs. Canada
As a cross-border financial planner I get one question the most often, “Am I better off retiring in the U.S. or Canada?” Now, there are many non-financial benefits of retiring in both countries. You may have family back in Canada…
Collecting CPP in the U.S.
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,…
Collecting OAS in the U.S.
"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…
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…
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…
Can I roll my RRSP into an IRA?
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…
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…