US Cross-Border Tax Blog

Published by W.L. Dueck LLP

Author Archive

Paula Owen

Moving from Canada to the US? Save Money with Canada Pension Plan

Moving to another country presents significant tax planning opportunities, especially if you are moving from Canada to the US. A commonly overlooked tax strategy for incorporated professionals and other intercompany transferees is to avoid US Social Security and Medicare by continuing their coverage under Canada Pension Plan. The tax savings can reach more than US$10,000 annually and more for up to 5 years for qualifying persons. Many taxpayers confuse Canada Pension Plan and US Social Security as investment strategies. Both… Read More