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How to bring 401(k)s and IRAs north of the border

Canadians who hold U.S. assets don’t receive the exemption but they qualify for the U.S. gift tax exclusion, for which they can give a gift of up to US$17,000 a year without triggering any tax

Canada has attractions for American retirees, including a national healthcare system that accept expats after three months, but retiring there is harder and more expensive than you might guess.

From a meditation garden to a wellness room, there are many features that promote relaxation at the new 44,000-square-foot building.

The Globe and Mail Brenda Bouw Published January 6, 2021 ROMAN/iStockPhoto / Getty Images Financial advisors with clients who are U.S. persons living in Canada need to prepare them for potential tax changes under president-elect Joe Biden’s administration, which is set to take over the White House later this month. While the likelihood of a divided Congress is expected to dampen or even diffuse some of the tax hikes proposed in the Democrat’s campaign platform, it’s a good time for American ex-pats, particularly the wealthy, to think about their holdings and restructure them as neede...