Moving to Canada?

As an American moving to Canada, it’s important to make sure your financial affairs are structured properly to avoid double taxation issues and ensure compliance with the laws of both countries. Our specialists can advise on a broad array of tax issues specific to Americans living in Canada, including:

Steps to take to reduce taxes before becoming a resident of Canada

Additional U.S. tax filing requirements once you move to Canada

Necessary modifications to make your U.S. estate plan valid in Canada

Advice and oversight of investment accounts that remain in the U.S. and those that must be transferred to Canada based on compliance and regulatory rules.

What to do with your U.S. stock options and restricted stock units (RSUs)

Aside from the requirement that all U.S. citizens must annually file a U.S. tax return regardless of their residency, Americans should be aware that many of the tax and estate planning strategies that worked well for U.S. purposes may not work as well for them in Canada. Likewise, tax and estate planning strategies that are effective in Canada could complicate U.S. tax and estate planning.