Ask your Cross Border Tax Questions Here…


I’ve started this post to help those having trouble answering their Canada-US cross border expat tax and financial planning questions. Please leave your question in the comments and we’ll do our best to help answer.

Also don’t forget to keep current on cross border tax and financial planning matters by signing up for our cross border newsletter.

Please ensure to use your email address (not public) when commenting so you can be notified of new replies.

Likely question categories will include:

  • cross border tax questions
  • compliance and foreign reporting
  • late US tax returns
  • questions about holding US investments as a Canadian resident e.g. 401k, IRA, ROTH IRA, etc.
  • moving to Canada
  • moving to the US
  • non-resident tax issues
  • CRA or IRS dispute resolution issues

I look forward to your questions and please don’t hesitate to help answer anything below if you feel like you can contribute.

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  1. I’m a Canadian citizen (non-resident of Canada). I live in the US. I was paid a lump sum from my canadian pension while I was residing in the US. The Canadian government withheld 25% tax. How do I report this on my Canadian taxes and US taxes?

  2. Hello,

    My wife and I are possibility moving back to live in the UK , and we are looking for an adviser who is knowledgeable about how the following pensions are taxed if received in the UK:

    CPP ,OAS,Municipal pension and funds withdrawn from a RRIF .

    . Today, I spoke to someone at the CRA who told me that we would have to pay a withholding tax of 25% on OAS and CPP. However, according to their website the UK has a tax treaty with Canada and it states that we don’t pay tax, at least for those two pensions. As you can imagine we are left feeling confused. Therefore, we were wondering if your company is able to answer any questions we might have about our move and the tax implications related to moving to the UK? Also, if we decide to move we want a reliable company to help us out with filing all the appropriate forms and returns.

    • Hi there

      Thanks for the comment. I think you’ll need to call them back. On most period pension payments the tax rate should be nil, however considering the government will be making the payment you want to ensure they confirm this with you.

      I would contact OAS, CPP and any pension payors you have to verify what they will be withholding. It won’t matter what CRA says if they are not the payer.

      I’ve attached a reference for you to show them (see page 17).

      Hope that helps.



  3. I moved to Canada with a variety of different accounts. I just realized that although I didn’t need to file my ira or 401k on my T1135 I was supposed to file something with CCRA with respect to my roth ira. what should I do?

    thank you

  4. do I have to report my corporate bank accounts on my FBAR? I can’t seem to find a good answer to this and my accountant says he’s not worried about it.

  5. I was born in the US and my brother says I need to file US tax returns even though I’ve live in Canada my whole life. Is this true? do I file a 1040 or 1040NR?

  6. I moved to Canada in 2011 and had a relatively small IRA when I crossed. I will be receiving a rather large inheritance from my father who lives in the US. I would like to move the money to Canada when I get it. Does it have to stay down there? Or is their a waiting period? Is US inheritance taxed in Canada or the US?


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