Overview

Managing finances and taxes on both sides of the border can be complex and overwhelming, but with proper planning and professional guidance, costly surprises can be avoided. This book is a comprehensive guide to navigating the financial and tax complexities of moving between the U.S. and Canada. Whether you're an American relocating to Canada or a Canadian returning home after living in the U.S., this resource equips you with the tools to make informed, strategic decisions. Co-authored by a cross-border tax professional and one of Canada's top cross-border wealth managers, it draws on their experience helping hundreds of individuals and families manage this transition with confidence. Inside, you'll find guidance on key topics such as: Tax planning strategies that align Canadian and U.S. tax rules to minimize taxation, grow your wealth, while staying compliant with tax authorities What to do with your various financial accounts, which may include non-qualified investments, retirement accounts such as IRAs and 401(k)s, Roth IRAs, and assets held in revocable living trusts How to utilize Canadian accounts like RRSPs and TFSAs in a strategic way while accounting for U.S. tax laws that may still apply if you're a U.S. citizen or green card holder in Canada Financial planning to determine ideal income streams, including retirement planning with Social Security and coordinated withdrawals from your investment accounts How to build a cross-border investment strategy that maximizes after-tax growth between your various accounts Real estate considerations on both sides of the border Advanced planning topics including gift and estate planning, cross-border philanthropy, and U.S. expatriation And much more. This book takes you through the full journey, from understanding why people move to Canada, to exploring the financial tools available, and mastering the intricacies of cross-border wealth and tax planning. Whether you've already moved or are still in the planning stages, this guide is an essential resource for individuals, tax professionals, and personal finance advisors.

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