Understanding the pitfalls of US-Canada cross border living

Posted on March 15, 2011 by Bill Faiferlick

It seems it should be simple to live in Canada or the US as our cultures and countries are so similar. Americans usually feel completely at home in Canada and Canadians usually feel completely at home in the U.S. However, there are a lot of complexities and differences between the American immigration and taxation system than the Canadian system. Contrary to the common perception planning for a move north across the U.S. – Canadian border is not necessarily the reverse of a move south. The laws differ. The complexities are far greater than most people can even imagine and this can lead to some unpleasant surprises. Bill Faiferlick is joined by Bob Keats, founder & President of Keats, Connelly and Associates. Since 1976, Bob has been helping clients manage the complexities of U.S./Canadian cross-border planning when they are considering permanent or seasonal moves across the border. He is the author of The Border Guide, currently in its 10th edition.

Guest:
Bob Keats, Founder & President Keats, Connelly and Associates

Bob Keats is a founder & President of Keats, Connelly and Associates, a Phoenix-based, Fee-Only*, wealth management firm that assists Canadians and Americans realize their dreams of a cross-border lifestyle. Keats, Connelly and Associates is the largest cross-border wealth management firm in North America with offices in Phoenix, Arizona; and Boynton Beach, Florida. Since 1976, Bob has been helping clients manage the complexities of U.S./Canadian cross-border planning when they are considering permanent or seasonal moves across the border. He is the author of The Border Guide, currently in its 10th edition. Bob is a frequent speaker in Canada and the U.S. on Cross-Border Planning. Accountants, Estate Planning and Elder Care Attorneys often call upon him for his expertise. He is the author of The Border Guide which has sold over 70,000 copies and is considered the definitive cross-border financial tool for Canadians living, working and investing in the United States.