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…
Read More The 5 Biggest Cross-Border Planning Mistakes to Avoid In 2022
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…
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…
Read More Taxation of Your RRSP, RRIF, CPP, and OAS in the U.S.
