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Reading Time: 2 minutesan in-depth explanation on whether Canadians living in the United States are eligible to receive the Canadian Pension Plan (CPP) and Old Age Security (OAS) benefits.
Reading Time: 3 minutesThe Roth IRA is equivalent to the Canadian TFSA. However, there are contribution and withdrawal limits that are unlike the Canadian TFSA.
Reading Time: 2 minutesThere are two ways to make contribution to your RRSP as a non-resident of Canada—with room or with new Canada-sourced income. For TFSA, you cannot, and will be charged 1% if you contribute.
Reading Time: 3 minutesThe U.S. equivalent of the Canadian RRSP is the IRA, Solo 401(k), and Group 401(k). Be aware of key differences in contribution limits, withdrawal penalties, and income limits.
For assistance in planning and transferring your U.S. assets to Canada, please contact our colleague Phil Hogan, CPA, CA, CPA at (250) 661-9417 or phil@philhogan.com
