06/01/2026
Planning a move from the US to Canada or already living cross-border and holding a 401(k) or IRA? Before you relocate, there are tax rules you NEED to understand. Mishandling your US retirement accounts can trigger double taxation, unexpected withholding, and costly penalties.
In this short, easy-to-follow guide, we break down exactly what happens to your US retirement savings when you become a Canadian resident — and the smart moves that can save you thousands.
⏱️ WHAT YOU'LL LEARN:
The tax implications of US retirement accounts (401k & IRA) for Canadians
Your options for managing US retirement savings after relocating
How to mitigate (and avoid) potential double taxation under the US–Canada Tax Treaty
Pension splitting strategies and eligibility
The rules for inherited US retirement accounts
Whether you're a US citizen moving north, a returning Canadian, or a cross-border family planning for retirement, this video gives you the foundation to make informed, confident decisions.
💡 Proper planning is the difference between keeping your money and giving it away to two tax authorities. Don't leave it to chance.
👉 If you found this helpful, LIKE the video, SUBSCRIBE for more cross-border tax & financial planning tips, and share it with someone planning a move.
📩 Have questions about your specific situation? Reach out to a qualified cross-border tax professional.
DISCLAIMER: This video is provided by MTS LLP for informational and educational purposes only and should not be relied upon as legal, tax, accounting, investment, or financial advice. The information is general in nature and may not apply to your individual circumstances. Tax laws and treaty provisions are subject to change. Viewing this video does not create a client relationship with MTS LLP. Before making any tax, legal, financial, retirement, or estate planning decisions, consult a qualified professional who can review your specific situation.