Read online book The Canadian in America : Real-Life Tax and Financial Insights into Moving and Living in the U. S. in EPUB, TXT, PDF
9781550227574 English 1550227572 'Approximately 50,000 Canadians move to the U.S. every year. Already, there are hundreds of thousands of ex-Canadians living south of the border. The similarity in language, currency, culture, services, and products of these two countries can lead Canadians in the U.S. to mistakenly think that its laws and customs are also the same. It is these areas where The Canadian in America will be crucial to anyone either contemplating a move or already living in the U.S. Can a Canadian qualify for U.S. Medicare at age 65? Is a Canadian will valid in the U.S.' What coverage does your provincial health plan give you in the U.S.' Can you collect Canadian Old Age Security if you move to the U.S.' The Canadian in America answers all these questions and more, focusing on the areas of difference between Canadian and U.S. laws: taxation, investment, health care, wills, and estates. It covers eight areas of financial planning: immigration planning, customs planning, cash management, income tax planning, retirement, estate planning, risk management, and investments. Author and financial advisor Brian D. Wruk explains, in clear and simple language, ways in which one can avoid cross-border complications. For example, in moving across the border, you must contend with the Canadian tax code, the U.S. tax code, and the Canada/U.S. Tax Treaty which overrides the other two in certain areas. A simple move can result in a huge tax liability (sometimes double or triple taxation). This book is an invaluable resource for Canadians who have married U.S. citizens; moved for their employment; are professional athletes or entertainers; are simply seeking a warmer climate to retire to; or are U.S. citizens moving back home from Canada., ?Approximately 50,000 Canadians move to the U.S. every year. Already, there are hundreds of thousands of ex-Canadians living south of the border. The similarity in language, currency, culture, services, and products of these two countries can lead Canadians in the U.S. to mistakenly think that its laws and customs are also the same. It is these areas where The Canadian in America will be crucial to anyone either contemplating a move or already living in the U.S. Can a Canadian qualify for U.S. Medicare at age 65? Is a Canadian will valid in the U.S.' What coverage does your provincial health plan give you in the U.S.' Can you collect Canadian Old Age Security if you move to the U.S.' The Canadian in America answers all these questions and more, focusing on the areas of difference between Canadian and U.S. laws: taxation, investment, health care, wills, and estates. It covers eight areas of financial planning: immigration planning, customs planning, cash management, income tax planning, retirement, estate planning, risk management, and investments. Author and financial advisor Brian D. Wruk explains, in clear and simple language, ways in which one can avoid cross-border complications. For example, in moving across the border, you must contend with the Canadian tax code, the U.S. tax code, and the Canada/U.S. Tax Treaty which overrides the other two in certain areas. A simple move can result in a huge tax liability (sometimes double or triple taxation). This book is an invaluable resource for Canadians who have married U.S. citizens; moved for their employment; are professional athletes or entertainers; are simply seeking a warmer climate to retire to; or are U.S. citizens moving back home from Canada., Focusing on eight key areas of financial planning--from immigration and customs planning to estate planning and investments--this guide provides indispensable information for any Canadian contemplating or planning a move or already living in the United States. Detailing the significant differences between U.S. laws and customs with familiar Canadian ones, this compendium answers important questions such as Can a Canadian qualify for U.S. Medicare at age 65? Is a Canadian will valid in America? and What coverage do provincial health plans provide in the United States?, Focusing on eight key areas of financial planningfrom immigration and customs planning to estate planning and investmentsthis guide provides indispensable information for any Canadian contemplating or planning a move or already living in the United States. Detailing the significant differences between U.S. laws and customs with familiar Canadian ones, this compendium answers important questions such asCan a Canadian qualify for U.S. Medicare at age 65?Is a Canadian will valid in America'andWhat coverage do provincial health plans provide in the United States?, The Issues associated with moving to the U.S. are astounding, yet thousands of Canadians or returning Americans move from Canada to the U.S. annually with little or no idea of these complexities. For example: What immigration avenues are available to move to the U.S.' How do you prepare your personal goods for your move and is there duty to pay? What tax return(s) have to be filed? What income has to be declared? In which country? What is Canada's "Departure Tax" and how is it calculated on your assets? What are the consequences of leaving your investments and retirement plans in Canada? What should you do with your RRSPs and RRIFs when you move to the U.S.' Are they taxable by the IRS? Can you qualify for U.S. Medicare at age 65? What about U.S. Social Security? Is a Canadian will valid in the U.S.' What coverage does your provincial health plan give you in the U.S.' Can you collect Canada Pension Plan or Old Age Security if you move? What should you do with your home, rental property or business in Canada? The Canadian in America answers all these questions and more, focusing on the eight areas of transition planning: immigration, customs, cash management, income tax, retirement, estate planning, risk management and investments. Book jacket.
9781550227574 English 1550227572 'Approximately 50,000 Canadians move to the U.S. every year. Already, there are hundreds of thousands of ex-Canadians living south of the border. The similarity in language, currency, culture, services, and products of these two countries can lead Canadians in the U.S. to mistakenly think that its laws and customs are also the same. It is these areas where The Canadian in America will be crucial to anyone either contemplating a move or already living in the U.S. Can a Canadian qualify for U.S. Medicare at age 65? Is a Canadian will valid in the U.S.' What coverage does your provincial health plan give you in the U.S.' Can you collect Canadian Old Age Security if you move to the U.S.' The Canadian in America answers all these questions and more, focusing on the areas of difference between Canadian and U.S. laws: taxation, investment, health care, wills, and estates. It covers eight areas of financial planning: immigration planning, customs planning, cash management, income tax planning, retirement, estate planning, risk management, and investments. Author and financial advisor Brian D. Wruk explains, in clear and simple language, ways in which one can avoid cross-border complications. For example, in moving across the border, you must contend with the Canadian tax code, the U.S. tax code, and the Canada/U.S. Tax Treaty which overrides the other two in certain areas. A simple move can result in a huge tax liability (sometimes double or triple taxation). This book is an invaluable resource for Canadians who have married U.S. citizens; moved for their employment; are professional athletes or entertainers; are simply seeking a warmer climate to retire to; or are U.S. citizens moving back home from Canada., ?Approximately 50,000 Canadians move to the U.S. every year. Already, there are hundreds of thousands of ex-Canadians living south of the border. The similarity in language, currency, culture, services, and products of these two countries can lead Canadians in the U.S. to mistakenly think that its laws and customs are also the same. It is these areas where The Canadian in America will be crucial to anyone either contemplating a move or already living in the U.S. Can a Canadian qualify for U.S. Medicare at age 65? Is a Canadian will valid in the U.S.' What coverage does your provincial health plan give you in the U.S.' Can you collect Canadian Old Age Security if you move to the U.S.' The Canadian in America answers all these questions and more, focusing on the areas of difference between Canadian and U.S. laws: taxation, investment, health care, wills, and estates. It covers eight areas of financial planning: immigration planning, customs planning, cash management, income tax planning, retirement, estate planning, risk management, and investments. Author and financial advisor Brian D. Wruk explains, in clear and simple language, ways in which one can avoid cross-border complications. For example, in moving across the border, you must contend with the Canadian tax code, the U.S. tax code, and the Canada/U.S. Tax Treaty which overrides the other two in certain areas. A simple move can result in a huge tax liability (sometimes double or triple taxation). This book is an invaluable resource for Canadians who have married U.S. citizens; moved for their employment; are professional athletes or entertainers; are simply seeking a warmer climate to retire to; or are U.S. citizens moving back home from Canada., Focusing on eight key areas of financial planning--from immigration and customs planning to estate planning and investments--this guide provides indispensable information for any Canadian contemplating or planning a move or already living in the United States. Detailing the significant differences between U.S. laws and customs with familiar Canadian ones, this compendium answers important questions such as Can a Canadian qualify for U.S. Medicare at age 65? Is a Canadian will valid in America? and What coverage do provincial health plans provide in the United States?, Focusing on eight key areas of financial planningfrom immigration and customs planning to estate planning and investmentsthis guide provides indispensable information for any Canadian contemplating or planning a move or already living in the United States. Detailing the significant differences between U.S. laws and customs with familiar Canadian ones, this compendium answers important questions such asCan a Canadian qualify for U.S. Medicare at age 65?Is a Canadian will valid in America'andWhat coverage do provincial health plans provide in the United States?, The Issues associated with moving to the U.S. are astounding, yet thousands of Canadians or returning Americans move from Canada to the U.S. annually with little or no idea of these complexities. For example: What immigration avenues are available to move to the U.S.' How do you prepare your personal goods for your move and is there duty to pay? What tax return(s) have to be filed? What income has to be declared? In which country? What is Canada's "Departure Tax" and how is it calculated on your assets? What are the consequences of leaving your investments and retirement plans in Canada? What should you do with your RRSPs and RRIFs when you move to the U.S.' Are they taxable by the IRS? Can you qualify for U.S. Medicare at age 65? What about U.S. Social Security? Is a Canadian will valid in the U.S.' What coverage does your provincial health plan give you in the U.S.' Can you collect Canada Pension Plan or Old Age Security if you move? What should you do with your home, rental property or business in Canada? The Canadian in America answers all these questions and more, focusing on the eight areas of transition planning: immigration, customs, cash management, income tax, retirement, estate planning, risk management and investments. Book jacket.