I am new to the this website, I love the great advice and the friendly and helpful group here.
We are currently planning on a move and retirement in Ottawa, Ontario, Canada from northern California. Everyone in our family is a dual citizen, so I don't have to worry about our immigration status in Canada. What I am concerned about is our tax obligations and wether or not it will be more expensive or cheaper to live in Ottawa, Canada, as opposed to Califronia? I am aware of the tax treaty and protection agaisnt dual taxation, but what I don't have information on is the additional taxes that I may be imposed with. We do plan on working for approximately 5 or 10 years there to supplement my retirement, does anyone have any advice about wether or not that will complicate my tax requirements with Canada and the US?
I will be recieving a pension from California, and we still need to sell our home before the move. We can't afford to live in California anymore and are hoping to live near family in Ottawa. If anyone has any tax information or additonal costs not related to taxes that we need to factor into our planning, we would truly appreciate it.
We are also planning to buy a home in Ottawa, does anyone have any advice about the home buying process there.
Thank you in advance for any information or advice you provide us.
We are currently planning on a move and retirement in Ottawa, Ontario, Canada from northern California. Everyone in our family is a dual citizen, so I don't have to worry about our immigration status in Canada. What I am concerned about is our tax obligations and wether or not it will be more expensive or cheaper to live in Ottawa, Canada, as opposed to Califronia? I am aware of the tax treaty and protection agaisnt dual taxation, but what I don't have information on is the additional taxes that I may be imposed with. We do plan on working for approximately 5 or 10 years there to supplement my retirement, does anyone have any advice about wether or not that will complicate my tax requirements with Canada and the US?
I will be recieving a pension from California, and we still need to sell our home before the move. We can't afford to live in California anymore and are hoping to live near family in Ottawa. If anyone has any tax information or additonal costs not related to taxes that we need to factor into our planning, we would truly appreciate it.
We are also planning to buy a home in Ottawa, does anyone have any advice about the home buying process there.
Thank you in advance for any information or advice you provide us.