Answers in Cross Border Financial Planning

7 votes
John McCord Level 17
Hello Anne, Your question is an important one for Canadian retirement plan holders currently living in California. Likewise, Canadians who are contemplating a move should educate themselves prior to a transition from Canada to California. This is a specialized ...(more)
7 votes
Anne, As a result of moving to U.S. I would not suggest any rollovers of your Canadian RRSP’s to U.S. IRA’s or similar retirement plans, since such a transfer would be considered a distribution under Canadian law, and would trigger taxation in both countries ...(more)
5 votes
Hello Anne, The short answer is "yes." While the principles of financial planning and investing are universal, there are some major differences between Canada and the US in the areas of taxation, retirement plans, and estate matters (too numerous to list ...(more)
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