Moving to Canada as a Doctor: Cross-Border Taxes, Healthcare, and Retirement Explained скачать в хорошем качестве

Moving to Canada as a Doctor: Cross-Border Taxes, Healthcare, and Retirement Explained

🇺🇸➡️🇨🇦 Moving to Canada? The tax details matter, a lot. In this episode of The Interesting MD Podcast, host Dr. Rob Beck sits down with Sonya Dolguina, Toronto-based cross-border tax consultant and co-author of Your Move to Canada, to break down the most important financial and tax considerations for Americans and repatriating Canadians making the move north. Sonya walks through critical topics like dual tax residency, managing U.S. and Canadian filing obligations, and why planning your move before you cross the border can save you thousands. They discuss common (and costly) mistakes, such as mishandling LLCs, missing foreign asset reporting, or misunderstanding how Canadian accounts like RRSPs and TFSAs interact with U.S. tax rules. The conversation also covers real-world comparisons between U.S. and Canadian tax systems, including healthcare costs, social security, and education expenses, offering a more complete picture of what “higher taxes” actually mean in practice. For physicians and professionals navigating cross-border careers, this episode is a must-watch. 📘 Learn more in Sonya’s book, Your Move to Canada, and find trusted cross-border resources to plan your transition the right way. Chapters: 00:00 INTRO "Tax Tips for Doctors Moving" 04:47 "US-to-Canada Financial Guidebook" 08:40 Navigating Cross-Border Tax Residency 11:02 Tax Residency vs. Immigration Residency 14:33 Self-Employment Taxes and Deductions 19:16 Canadian Tax Benefits for Corporations 20:08 GILTI Rules and Double Taxation 24:19 Canada Capital Gains Tax Rules 27:38 U.S. Retirement Accounts in Canada 32:40 RRSP Contribution Rules for Newcomers 35:50 TFSA: Tax Benefits and Risks 39:24 Canada: High Taxes for Couples 42:44 Education and Healthcare Costs Comparison 44:30 Grateful for Universal Healthcare 48:31 Covered Expatriate Criteria Explained 52:50 Sticky Residency Tax Traps 55:47 60-Month Departure Tax Rule 59:26 Follow The Interesting MD Podcast Your Move to Canada resources for you: Your Move to Canada main website: https://yourmovetocanada.com YouTube channel with cross-border tax and finance videos:    / @yourmovetocanada   Video about TFSAs for US citizens, that was mentioned in the podcast:    • Your Move to Canada | TFSA Explained for A...   Get in touch with the authors: yourmovetocanadabook@gmail.com Amazon Canada: https://a.co/d/65GvEb0 Amazon USA: https://a.co/d/dUXDoTc Podcast Link https://theinterestingmd.podbean.com YouTube Link    / @interestingmd   Website Link https://www.interestingmd.com/ Have a content suggestion? Email us at Ideas@interestingmd.com Email me at Rob@interestingmd.com