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 | 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...
