Hi folks.
I'm new to this forum, I've been searching the forums, and reading articles I can find, but would love to hear experiences of others.
For background, I'm Canadian and have been living in the USA for the last 8.5 years. I am currently in the USA on a green card and could obtain dual citizenship at any point by now.
My husband is American and we have two kids, both are dual (have documentation).
Not to get too political but events here in the USA have heightened our discussions that it's time for us to move back to Canada.
I'm trying to ask the question - risks and benefits of returning to Canada me having dual and my husband would go through getting his canadian pr. contrasting this with me returning as a Canadian and giving up my green card (no US citizenship).
I tried asking my accountant who is very effective at his job (cross border taxes is his specialty) but he's not particularly great at the educational discussion. I understand that there are TFSA implications as well as RESP implications. And online reading is suggesting that the reverse in the USA is also complex.
I've seen others on this forum that are US-CDN couples who move from the USA to Canada so I'm wondering how did this land for you? Have you had to make these decisions?
it seems weird to ask these questions in a Canadian forum as my goal with hearing your experiences is to help me decide if I'm going to move forward with my US Naturalization or not, but as our goal is to return to Canada in the next few years, so it seemed like I'd get more relevant information from other US-CDN Couples who have moved north.
thanks!
I'm new to this forum, I've been searching the forums, and reading articles I can find, but would love to hear experiences of others.
For background, I'm Canadian and have been living in the USA for the last 8.5 years. I am currently in the USA on a green card and could obtain dual citizenship at any point by now.
My husband is American and we have two kids, both are dual (have documentation).
Not to get too political but events here in the USA have heightened our discussions that it's time for us to move back to Canada.
I'm trying to ask the question - risks and benefits of returning to Canada me having dual and my husband would go through getting his canadian pr. contrasting this with me returning as a Canadian and giving up my green card (no US citizenship).
I tried asking my accountant who is very effective at his job (cross border taxes is his specialty) but he's not particularly great at the educational discussion. I understand that there are TFSA implications as well as RESP implications. And online reading is suggesting that the reverse in the USA is also complex.
I've seen others on this forum that are US-CDN couples who move from the USA to Canada so I'm wondering how did this land for you? Have you had to make these decisions?
it seems weird to ask these questions in a Canadian forum as my goal with hearing your experiences is to help me decide if I'm going to move forward with my US Naturalization or not, but as our goal is to return to Canada in the next few years, so it seemed like I'd get more relevant information from other US-CDN Couples who have moved north.
thanks!