Hi, I've been living in the US for over 15 years. I work here (or there depending which side of the border you read this from), live here and I'm married to a US citizen.
I've worked for many years in Canada (Quebec) before the ultimate move. Now that I'm eligible for US citizenship (I've been for quite a while according to their requirements), I'm not quite sure what happens next with my Canadian retirement funds, my house in canada, my Canadian social security (that will hit in a few years).
I need help and advices. I'm established in the US and have full time employment. I pay my taxes and social security, have retirement plans, myself and with my spouse. I did my last Canadian tax return the last year that I had revenue in Canada, none since 2003 I think.
I got bits and pieces of information and now, I'm lost. I understand all the immigration side. It's the past money/belonging part I'm not sure of.
Any help or advice would be appreciated.
Personal consultation accepted :-D
Thank you :)
Stay a permanent resident or become a citizen?
Moderator: Jim Eiss
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- Joined: Tue Dec 16, 2014 6:29 pm
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- Posts: 2
- Joined: Tue Dec 16, 2014 6:29 pm
My question is do I have to liquidate all my Retirement funds in Canada and pay the taxes now? And transfer these funds to the US?
Or can I wait and take money out slowly at retirement?
Also, I have a house in Canada. I had it long before I moved to the US. It would be hard to sell and put my mother on the street!
My wife children are american. We are re-married and I don't have children of my own.
Thank you for your help and Happy holidays!
Or can I wait and take money out slowly at retirement?
Also, I have a house in Canada. I had it long before I moved to the US. It would be hard to sell and put my mother on the street!
My wife children are american. We are re-married and I don't have children of my own.
Thank you for your help and Happy holidays!