I am a Canadian citizen currently working in the US (Washington) for the past 4 years, and I am thinking of moving back to Canada (BC) next year sometime.
My question is pretty generic, is there anything I should be thinking about doing before I move with respect to taxes, either this year or next year before I leave the US?
Moving back to Canada next year - anything I should do this year?
Moderator: Mark T Serbinski CA CPA
Re: Moving back to Canada next year - anything I should do this year?
Think aboy\ot moving any IRAs or 401(k) to Roths, paying the US tax now, and making that money tax-free forever.
Also, if you have RRSPs, think of collapsing them at 25% tax, before returning to canada.
Sell any losing US stocks just before leaving US.
Also, if you have RRSPs, think of collapsing them at 25% tax, before returning to canada.
Sell any losing US stocks just before leaving US.
nelsona non grata. Non pro. Please Search previous posts, no situation is unique as you might think. Happy Browsing