Hello all,
My wife and I are relocating to California, we both are Canadians and both are on L1B visa. We got a few questions and will greatly appreciate any help!
1. We know many people declare non-resident of Canada to avoid duplicate tax, and we may think about applying Green Card in the future but haven't really decided yet. So should we declare non-resident of Canada and delcare resident of the US? Is this the best choice?
2. Should we withdraw all RRSP money before moving to the U.S.? What are the pros and cons if we keep RRSP in Canada?
3. Should we cancel all Canadian banking accounts? Any pros and cons if we cancel them?
4. What should we do for OHIP? Do we need to contact OHIP office to cancel it?
Thanks a lot in advance!
L1B- Tax, RRSP, Banking accounts and OHIP?
Moderator: Jim Eiss
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