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The Canadian in America: Real-Life Tax and Financial Insights into Moving and Living in the U.S.

This book is an invaluable resource for Canadians who have married U.S. citizens; moved for their employment; are professional athletes or entertainers; are simply seeking a warmer climate to retire to; or are U.S. citizens moving back home from Canada.

Approximately 50,000 Canadians move to the U.S. every year. Already, there are hundreds of thousands of ex-Canadians living south of the border. The similarity in language, currency, culture, services, and products of these two countries can lead Canadians in the U.S. to mistakenly think that its laws and customs are also the same. It is these areas where The Canadian in America will be crucial to anyone either contemplating a move or already living in the U.S. The issues associated with moving to the U.S. are astounding, yet thousands of Canadians or returning Americans move from Canada to the U.S. annually with little or no understanding of these complexities.

For example:
  • What immigration avenues are available to move to the U.S.?
  • How do you prepare your personal goods for your move and is there duty to pay?
  • What tax return(s) have to be filed? What income has to be declared and in which country?
  • What is Canada’s “Departure Tax” and how is it calculated on your assets?
  • What are the consequences of leaving your investments and retirement plans in Canada?
  • What should you do with your RRSPs and RRIFs when you move to the U.S., and are they taxable by the IRS?
  • Can you qualify for U.S. Medicare at age 65? What about Social Security?
  • Is a Canadian will valid in the U.S.?
  • What coverage does your provincial health plan give you in the U.S.?
  • Can you collect Canada Pension Plan or Old Age Security if you move?
  • What should you do with your home, rental property or business in Canada?
The Canadian in America: Real-Life Tax and Financial Insights into Moving and Living in the U.S.
The Canadian in America answers all of these questions and more, focusing on the eight areas of transition planning: immigration, customs, cash management, income tax, retirement, estate planning, risk management and investments.

About the authors: Brian D. Wruk, MBA, CFP(U.S.), CFP(Canada), TEP, was born and raised in Edmonton, Alberta, but moved between Canada and the U.S. on several occasions, Now a dual Canada-U.S. citizen, Brian and his partner Terry F. Ritchie, CFP(U.S.), RFP(Canada), TEP, EA, specialize in helping Canadian residents make the transition to the U.S.

Written by Brian D. Wruk; with Terry F. Ritchie. Published by ECW Press, 2007.
   
Catalogue No. 1-55002-757-2
Price $22.95
Format Softcover
Pages 303
Language English only
 
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This page last modified: December 18, 2007

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