Cross Border Tax Issues - Plan Before the CRA or IRS Plans for You
Kristi Allan
This recent article in the Financial Post about John Tavares’ $8M tax battle with the CRA is a reminder of how complex—and costly—cross-border tax issues can be.
Sure, most of us aren't NHL stars, but if you’re moving to the U.S., the same principle applies: worldwide income matters. Without a clear plan, you can find yourself taxed in both countries… and unlike Tavares, you might not have the resources to fight it.
Planning ahead means more than just filling out a few forms. It’s understanding when and how income is taxed, how to exit Canada properly, and how to structure your financial life once you're in the U.S.
Don’t wait until you’re already across the border.
Let’s talk about how to avoid costly surprises. Book a Cross Border Plan meeting to get started.