Tax Planning, More Tax Planning and Filings, and Investment Accounts

Hello, this is Mohammad Akif with Akif CPA 🤠. Here's a clip from our Cross-Border Client Stories where we break down investment accounts, crypto, and the mistakes I see on 90% of cross-border tax returns. So the first issue is your retirement and investment accounts. 📊 What happens to those accounts when you move? That’s number one. When you’re planning a move to the United States 🇨🇦➡️🇺🇸, there are really three big areas to think about: 📌 1. Tax planning (most important) This should actually come first—before anything else. You need to understand how everything will be structured before and after the move. 📄 2. Tax Planning and Filings This includes things like Canadian departure tax returns and cross-border reporting requirements. 💰 3. Investment accounts How your RRSP, TFSA, FHSA, and other investments are treated in Canada when you leave, and how the U.S. views them after you arrive. So the key question becomes: How does the U.S. look at your Canadian retirement and investment accounts when you move or are planning to move? Full Video on the Akif CPA YouTube Channel: https://www.youtube.com/watch?v=K03qCQx3gaI&t=1s 🇺🇸 (713) 451-9700 ⁠ 🇨🇦 (416) 800-2709 ⁠ ⭐ info@akifcpa.com ⁠ 🌐 www.akifcpa.com ⁠ ⁠ https://www.youtube.com/@AKIFCPA1⁠ https://www.facebook.com/akifcpa/⁠ https://www.instagram.com/akifcpa/ ⁠ https://www.linkedin.com/company/akif-cpa-pllc⁠ https://www.tiktok.com/@akif.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.⁠