Canadians Moving to USA
Financial Planning for Canadians Moving to the U.S.
Relocating to the U.S. as a Canadian resident can bring exciting opportunities, but it also introduces a maze of tax rules, reporting obligations, and conflicting regulations. Accounts like RRSPs, TFSAs, and non-registered investments are treated very differently under U.S. tax law. Without proper disclosures, what once offered tax advantages in Canada could quickly lead to penalties or regrets south of the border.
At Clarity Cross Border Planning, we help Canadians navigate every financial aspect of their move, minimizing tax burdens, avoiding costly mistakes, and creating a clear strategy for life in the U.S.
Who We Work With
- Professionals Relocating for career opportunities
- Snowbirds Wanting More Time in the U.S.
- Entrepreneurs Starting a Business in the U.S.
- Canadians Marrying an American and starting a new life together
Why Cross-Border Planning Matters
Moving to the U.S. isn’t just a lifestyle change, it requires careful planning to avoid double taxation, complex reporting requirements, and unforeseen penalties. Canadian accounts and benefits, such as TFSAs, RESPs, and CPP/OAS, may be treated differently once you become a U.S. resident. Without proper planning, these differences can create serious financial setbacks.
Some of the biggest challenges we solve include:
- Understanding U.S. tax filing requirements and avoiding double taxation
- Managing RRSPs, TFSAs, and other Canadian accounts under U.S. law
- Mitigating departure tax when severing Canadian residency
- Coordinating CPP/OAS benefits with U.S. Social Security
- Planning for estate and inheritance taxes under U.S. rules
- Addressing healthcare coverage gaps when relocating
- Developing a currency strategy to protect against exchange rate risks
Our Cross-Border Planning Approach
We take the guesswork out of cross-border finances. Our approach includes:
- A comprehensive review of tax obligations and residency status
- Strategic restructuring of accounts and investments for U.S. compliance
- Guidance on estate and gift planning tailored to your new residency
- Support with healthcare and insurance considerations
- Clear, unbiased advice with flat-fee pricing and no product sales
Why Choose Clarity Cross Border Planning?
Clarity Cross Border Planning specializes in helping Canadians make a confident transition to the U.S. With dual CFP® certifications and expertise in tax, retirement, investment, insurance, and estate planning on both sides of the border, we provide unmatched guidance for your cross-border journey.
As a fee-only, advice-only firm, we offer transparent pricing with no commissions or hidden agendas. Our sole focus is helping you make informed decisions and avoid costly mistakes as you establish your new life in the U.S.
Ready to Start Your U.S. Planning?
Moving to the U.S. is a big step, your financial strategy should move with you. We’ll create a clear, compliant plan so you can focus on your next chapter with confidence.