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…

Qualifying For U.S. Social Security, Canada CPP and OAS (Totalization Agreement)

In 1984, the U.S. and Canada finalized an agreement that allows a person to qualify for both U.S. Social Security and Canadian retirement benefits. This made it easier for people who worked in both countries to qualify for retirement benefits…

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…