by Irina Matco | Aug 8, 2024 | Canadian Principal Residence Exemption, Cross Border, Reitrement, U.S. Citizen Widow living in Canada., U.S. Home Sale Exclusion
When a surviving spouse decides to sell their home after the death of their partner, whether for downsizing or moving to a retirement home, understanding the cross-border tax implications is crucial for a US citizen living in Canada. Proper planning can help optimize...
by Irina Matco | Aug 8, 2024 | Canadians Moving to US, Cross Border, Principal Residence Exemption, Tax Implications to the Primary Residence
Canadians moving to the US often face a challenging decision regarding their primary residence. According to the Canadian Real Estate Association, home prices have increased by roughly 35% over the past five years, with regions like Vancouver and Ontario experiencing...
by Irina Matco | Jun 15, 2024 | Americans Moving to Canada, Cross Border
Considering a move from the USA to Canada? Ensure you’re fully prepared and avoid any surprises with our expert guidance for your upcoming transition. In this blog we discuss some of the various considerations you may face, and the opportunities available to...
by Ilaria Defendi | Jun 15, 2024 | Canadians Moving to US, Cross Border
Planning to leave Canada permanently? It’s an exciting venture, but also one that requires careful financial planning. Navigating the complexities of cross-border finances can be challenging, but with the right guidance of i2 Wealth, you can avoid costly...
by Irina Matco | Jun 15, 2024 | Cross Border, Reitrement
The most common mistake made by individuals moving to Canada with US retirement accounts, such as 401(k)s, Traditional IRAs, SEP IRAs, or Roth IRAs, is failing to seek proper financial planning advice beforehand. Once you become a Canadian resident, several options...
by Irina Matco | Jun 15, 2024 | Cross Border, Education/Planning
Moving to Canada and unsure about your 529 plan? Our expert blog offers valuable guidance for your transition. For U.S. tax purposes, the earnings accumulate tax-free within the 529 plan and distributions are excluded from income as long as the proceeds are used to...
