8 ms·
Canadians kind of get the best of both worlds (at least for dualies) living in the US. You can max out your 401k on a pre-tax level; IIRC, you pay taxes both wa
by codalan 4y ago
Canadians kind of get the best of both worlds (at least for dualies) living in the US. You can max out your 401k on a pre-tax level; IIRC, you pay taxes both ways when investing in an RRSP.
If you have a Nexus card and live close to the border, travel between the two countries becomes a non-issue.
When you hit retirement age, you can move back to Canada and get provincial health care.
As of today, $1.00 USD == $1.36 CAD.
I will probably be depositing a lot more money back into my Canadian savings account over the next few years, just because I'll probably move back at some point in my life.
So yeah, Canadians in the US definitely get a lot of advantages over other immigrants. The only trade off is filling a 1040 every year, but even that is reduced to one additional form when residing in Canada.