Focusing on tax planning moves for individuals (Canadians and US persons with established Canadian residency) moving from Canada to the US. The laws and concepts are presented from a Canadian move to USA but the principles are similar with moves from other countries.
Learning Objectives
- Upon completion of this course, you'll be able to:
- Understand the tax implications of relinquishing Canadian residency, including how the Canadian departure tax is calculated and applied.
- Examine the reporting and compliance requirements for U.S. residents who continue to hold Canadian assets, such as real estate or retirement accounts.
- Evaluate tax planning strategies to mitigate potential liabilities and ensure proper treatment of cross-border assets during and after the transition of residency.
Major Topics
- Exiting and giving up Canadian Residency Canadian departure tax
- Owning Canadian Assets in the USA
