Transferring a Foreign-Based Retirement Plan to an RRSP

 March 24, 2023 |Charles W. Cullen III
Possibly the most common in-bound question we get is can I move my 401K/IRA to an RRSP? This is a tax-deferred strategy worth considering if you are retiring in Canada. However, to properly execute the strategy, many factors must be in place and considered...
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2023 - Special Withdrawals from Locked-in Plans by Province

 January 26, 2023 |Charles W. Cullen III
For those who have a locked-in retirement account, the beginning of the year is a good opportunity to see if a special withdrawal makes sense. The following table outlines different options that are available based on provincial and federal legislation...
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Canada Pension Plan

 October 03, 2022 |Charles W. Cullen III
The Canada Pension Plan (CPP) is an important source of income for most retirees. Examining how the plan works, the options available and the implications of those choices are very important. For more information, please reach out. Click Here
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Old Age Security and other government income sources

 May 06, 2022 |Charles W. Cullen III
As you enter retirement and approach age 65, many have questions about different government benefit programs, including Old Age Security. This article covers benefits you may be entitled to receive as well as strategies to maximize those benefits. To...
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CPP Retirement Pension Sharing

 April 20, 2022 |Charles W. Cullen III
You may be able to share your Canada Pension Plan (CPP) retirement benefits with your spouse to reduce your family's overall taxes. By applying to share your pensions, the lower income spouse can receive a portion of the higher income spouse's retirement...
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Taxation of Canadian Registered Savings Plans for U.S. Persons

 February 28, 2022 |Charles W. Cullen III
Canadian Registered Plans can offer tax advantages, but U.S. persons need to be aware of the implications for them. Click Here
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U.S Estate, Gift and Generation-Skipping Transfer Tax

 February 03, 2022 |Charles W. Cullen III
A great article on the U.S. Estate and Gift tax system. Impacts Canadian with US Assets (inducing US Stocks), and US Citizens in Canada. Any questions, please call me. Click Here
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Taxation of Canadian Registered Savings Plans for U.S. Persons

 May 10, 2021 |Charles W. Cullen III
There are a variety of registered savings plans in Canada (RRSP, TFSA, RDSP, and RESP). U.S. citizens (living in Canada) are subject to different tax regimes. Please see the attached article for more information. Click Here.
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Determining Your Tax Residency Status in Canada

 March 12, 2021 |Charles W. Cullen III
Are you a Canadian? If you have a Canadian Passport, you would always answer "yes" . . . But it can be a bit more complicated if you are trying to determine Canadian Tax Residency. This article explores a few of the issues surrounding this. Any questions...
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2019 Year End Tax Planning

 December 16, 2019 |Charles Cullen
As year-end approaches, taking some time to review your financial affairs may yield significant tax savings. To ensure that you leave no stone unturned, here’s a summary of some common year-end tax planning strategies. To continue reading, click here
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