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The American in Canada: Real-Life Tax and Financial Insights into Moving to and Living in Canada
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For Americans either contemplating a move or already living in Canada, this reference answers all the questions necessary to successfully plan the transition, including immigration planning, customs planning, cash management, income tax planning, retirement, wills and estates, risk management, and investments. According to the Association for Canadian Studies, more than 10,000 Americans moved to Canada in 2006, a new 30-year record. The similarity in language, currency, culture, services, and products of these two countries can lead Americans in Canada to mistakenly think its laws and customs are also the same. With proper planning before moving, it is possible to get a five-year tax holiday from Canadian taxes!
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Brian D. Wruk is a certified financial planner and the owner and founder of Transition Financial Advisors. He lives in Gilbert, Arizona. Terry F. Ritchie is a certified financial planner whose firm Transition Financial Advisors Group, Inc. (www.transitionfinancial.com) specializes in assisting those making the transition from America to Canada. He lives in Calgary, Alberta.
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