Complimentary for Members

On-Demand Self-Study

Moving From Canada to the USA: Tax Tricks & Traps - 06/01/2025

Focusing on tax planning moves for individuals (Canadians and US persons with established Canadian residency) moving from Canada to the US. The laws and concepts are presented from a Canadian move to USA but the principles are similar with moves from othe

On-Demand Self-Study
- Exiting and giving up Canadian Residency Canadian departure tax - Owning Canadian Assets in the USA

Learning Objectives

  • Upon completion of this course, you'll be able to:
  • Understand the tax implications of relinquishing Canadian residency, including how the Canadian departure tax is calculated and applied.
  • Examine the reporting and compliance requirements for U.S. residents who continue to hold Canadian assets, such as real estate or retirement accounts.
  • Evaluate tax planning strategies to mitigate potential liabilities and ensure proper treatment of cross-border assets during and after the transition of residency.

Major Topics

  • Exiting and giving up Canadian Residency Canadian departure tax
  • Owning Canadian Assets in the USA

CPE Credits Available

0
Specialized Knowledge / Industries (NYSED) - NYSED
0
Taxation (NYSED) - NYSED

Things to Know About This Course

Course Level

  • Intermediate

Professional Area of Focus

  • Specialized Knowledge / Industries (NYSED)
  • Taxation (NYSED)

Prerequisites

None

Advanced Preparation

None

Intended Audience

Individuals who need to understand the sourcing of income and tax ramifications of relocating from outside USA to the USA.

Provider

Foundation for Accounting Education

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