Tax planning for your Canadian retirement accounts when you move

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. What happens to your retirement and investment accounts as a Canadian when you’re planning to move to the United States—or when you’ve already moved? 🇨🇦➡️🇺🇸 📊 Number two thing to look at after figuring out which accounts are impacted is tax planning. Once you understand the tax consequences, then you can start planning accordingly. For anyone planning a move, this is the right time to speak with a cross-border accountant 🇨🇦➡️🇺🇸 This is actually a critical step—because for many people, it’s the last thing on their mind. What usually happens is they move first, and only then look for cross-border tax help. At that point, a lot of planning opportunities are already gone. You may end up paying more tax than necessary, and you often also face additional reporting requirements. 💡 That’s why tax planning is so important before the move—it helps you: Minimize taxes 💰 Reduce reporting complexity 📄 Avoid last-minute surprises ⚠️ That’s really the key when moving between Canada and the U.S. — planning ahead makes everything simpler and more efficient. 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.⁠