At KeatsConnelly we provide our clients with an Action Checklist of tasks to be accomplished as part of every Cross-Border Plan we write. This Action Checklist typically includes 30-40 items that need to be addressed in order to successfully exit the US for a return to Canada or to establish first-time residency in Canada. These items can include:
- Review of immigration and residency status
- Preparation of final US tax return and start-up Canadian return
- Procedures for importing vehicles, obtaining a mortgage and credit card in Canada
- Strategies for liquidating certain US investments prior to departure
- Participating in Canadian retirement plans
- Managing a pre-entry trust from the Canadian side of the border
- Having estate planning documents reviewed and rewritten in Canada
- Obtaining new insurance coverage
- Getting the best foreign exchange rates
Most individuals relocating to Canada need assistance understanding the importance of each action item and completing them in a timely fashion. Your personal KeatsConnelly Financial Planner will guide you through the implementation of these Action Checklist items to ensure a successful move to Canada.