Tax Planning for Canadians
Moving to the U.S.
Our team is here to help take care of all the cross border tax planning required for your move. Whether it is a snowbird wanting to spend more time in the U.S., someone hoping to move closer to family, or a career opportunity that takes one abroad; more and more Canadians are considering the option of making the move to the U.S.
Cross Border Tax Planning for Canadians Moving to the U.S.
With many desirable climates, affordability of real estate and the relatively low tax rates, moving to the U.S. can make sense for many Canadians. However, it is important to consider the complexities that are involved anytime a move to another country is being contemplated. Our team will create a cross border plan to ensure the move is efficient, effective and free from costly errors.
QUESTIONS ABOUT MOVING
Whether still considering the benefits of a move or even if the decision has already been made, an overwhelming list of questions comes to mind. Am I eligible for a visa/green card? How much Canadian departure tax will I owe? Can I obtain health care coverage? What do I do with my Canadian RRSP? What about my other investments, who will manage them in the U.S.? What is the impact to my Canadian pensions? Will I be subject to U.S. estate tax? What happens to my Canadian will? Can I still provide for my heirs who remain in Canada?
TRANSITION PLANNING
Without careful planning, Canadian’s moving to the U.S. can encounter numerous adverse and unintended consequences that can prove to be costly. In addition, many unique planning opportunities present themselves within a cross border move and it is our team’s unique expertise that can help unlock the full potential of these opportunities. Not only will working with our cross border team help answer all of the questions that arise, creating a plan will ensure each individual situation is optimized and meets your cross border lifestyle goals.
TRANSITION PLANNING
Without careful planning, Canadian’s moving to the U.S. can encounter numerous adverse and unintended consequences that can prove to be costly. In addition, many unique planning opportunities present themselves within a cross border move and it is our team’s unique expertise that can help unlock the full potential of these opportunities. Not only will working with our cross border team help answer all of the questions that arise, creating a plan will ensure each individual situation is optimized and meets your cross border lifestyle goals.
