New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Selling Canadian real estate as a non-resident can take a LOT longer than people expect 👀
In many cases, by the time the sale is completed, forms are processed, and withheld funds are released by the CRA, the process can take close to a year — and sometimes even longer 🏡📑
That’s why planning ahead matters so much 💼
Understanding current CRA processing times, non-resident filing requirements, and forms related to capital gains reporting can help reduce delays and avoid unnecessary stress. The better the planning before the sale, the smoother the process tends to be ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
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Our goal is to exceed our client’s expectations by providing exceptional quality services.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Let’s talk about primary residences and real estate when moving to the U.S. 👀
Your Canadian primary residence is generally not subject to deemed disposition when leaving Canada, and you may still be able to use the principal residence exemption on your final Canadian return 🏡📑
While Canadian real estate is generally excluded from deemed disposition rules, foreign real estate outside Canada can still trigger departure tax. If you sell property after becoming a non-resident, there are strict filing deadlines, withholding rules, and timing considerations that should be planned carefully ahead of time ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Let’s talk about primary residences and real estate when moving to the U.S. 👀
Your Canadian primary residence is generally not subject to deemed disposition when leaving Canada, and you may still be able to use the principal residence exemption on your final Canadian return 🏡📑
If you convert the property into a rental after moving, different non-resident rental rules begin to apply — including withholding tax on rental income 💼
And while Canadian real estate is generally excluded from deemed disposition rules, foreign real estate outside Canada can still trigger departure tax. If you sell property after becoming a non-resident, there are strict filing deadlines, withholding rules, and timing considerations that should be planned carefully ahead of time ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
ESOs, RSUs, and corporate shares need careful tax planning before moving to the U.S. 👀
If your stock options are exercised or RSUs vest after you move, you may still receive a Canadian T4 — meaning Canadian tax reporting can still apply even as a U.S. resident 📑💼
At the same time, the income may also need to be reported on the U.S. side 😅
That can create double withholding or cross-border tax complications if things aren’t planned properly. If you have equity compensation or shares in a corporation, make sure you understand the reporting rules before you move and build a proper tax plan early ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
ESOs and RSUs can become very complicated when moving from Canada to the U.S. 👀
If you have employee stock options or restricted stock units, it’s important to understand how vesting, exercising, and taxation will work after your move 📑💼
Even after leaving Canada, exercising stock options or receiving vested shares can still trigger Canadian reporting requirements like a T4 — while also being reportable on the U.S. side 😅
In some situations, there may even be double withholding issues. Proper planning before you move is extremely important, especially if you also own shares in a corporation or receive equity compensation ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
Let’s talk about non-registered investment accounts when moving to the U.S. 👀
Unlike some registered accounts, non-registered accounts CAN trigger deemed disposition when you leave Canada 📑 That means unrealized gains may become taxable on the Canadian side at departure.
On the U.S. side, investment income and capital gains are still taxable 💼
The U.S. also applies different tax rates for short-term vs. long-term capital gains. In many cases, closing or restructuring a non-registered account before moving can help simplify reporting and reduce future cross-border tax complications ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
For CPP and OAS, make sure you update the CRA and notify them that you’ve become a non-resident of Canada 🏦
Generally, there’s no departure tax on the Canadian side when moving to the U.S., but these payments and benefits can still become taxable on the U.S. side depending on your situation 💼
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
Let’s talk about HBP, LLP, and CPP/OAS when moving to the U.S. 👀
If you used the Home Buyers’ Plan (HBP) or Lifelong Learning Plan (LLP), those balances generally need to be repaid once you leave Canada. These accounts are typically closed after becoming a non-resident 📑
For CPP and OAS, make sure you update the CRA and notify them that you’ve become a non-resident of Canada 🏦
Generally, there’s no departure tax on the Canadian side when moving to the U.S., but these payments and benefits can still become taxable on the U.S. side depending on your situation 💼
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
🇨🇦➡️🇺🇸 Let’s talk about FHSAs and RESPs when moving to the U.S. 👀
On the Canadian side, there are generally no departure tax consequences. But on the U.S. side, investment income — and in some cases government contributions — may still become taxable 📑💼
You’re generally not required to close these accounts, but there are important reporting and withdrawal considerations 😅
FHSA withdrawals may face withholding tax, and RESP grants can have repayment rules if the beneficiary becomes a non-resident. In many situations, planning opportunities are available before moving — which is why understanding the rules early can make cross-border taxes much easier to manage ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
🇨🇦➡️🇺🇸 Let’s talk about TFSAs when moving to the U.S. 👀
On the Canadian side, there are generally no departure tax consequences. But on the U.S. side, TFSAs can become a gray area account with additional reporting and potential tax complications 📑💼
Even though the account is tax-free in Canada, that does NOT mean it stays tax-free in the U.S. 😅
Income inside the TFSA may still need to be reported and could become taxable depending on your situation. You’re not required to close the account, but in many cases closing the TFSA before moving can help simplify cross-border reporting and avoid future headaches ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
New! The Only Tax Video You Need to Watch if You're Moving from Canada to the US: https://www.youtube.com/watch?v=pVSAsEANLS0&t=1s
Moving from 🇨🇦 to 🇺🇸?
Some locked-in RRSP accounts may become eligible to unlock after you’ve been a non-resident of Canada for at least two years. That’s where proper tax planning becomes important so you can make smarter withdrawal decisions later on ✅
You can view the chart on our website: https://akifcpa.com/the-complete-tax-guide-for-canadians-moving-to-the-united-states/
The first year of cross-border taxes is often the most overwhelming 😓
Misreporting can lead to major penalties, so proper planning and reporting matters. The goal is to simplify the process, reduce stress, and help Canadians transition to the U.S. the right way 🇨🇦✅🇺🇸
🇺🇸 (713) 451-9700
🇨🇦 (416) 800-2709
⭐ [email protected]
🌐 www.akifcpa.com
https://www.youtube.com/
https://www.facebook.com/akifcpa/
https://www.instagram.com/akifcpa/
https://www.linkedin.com/company/akif-cpa-pllc
https://www.tiktok.com/.cpa
A bit about us at Akif CPA:
We’ve got a crew of talented tax pros who really know their stuff when it comes to taxes, accounting, business advice, payroll, reviews, sales tax audits, and financial planning.
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