Blog List


• Moving to Canada With a Health Savings Account (HSA) - What You Need To Know
• Qualifying for Both Social Security and CPP - What You Need to Know
• What happens to an RRSP when a client relocates to the U.S.?
• Choosing A U.S. Resident as Your Executor Requires Caution
• A Guide to Rolling Your 403b into an IRA
• Discounted Bonds vs. GICs: Maximizing After-Tax Returns
• Reasons to Consider transferring your 401k to a Rollover IRA
• Social Security, CPP and OAS: What Happens When You Have Worked on Both Sides of the Border
• Cross-Border Wealth Management: Five Things To Know Before Moving From Canada to the U.S.
• Moving from Canada to the United States with Canadian Investment Accounts
• Comprehensive Reporting and Investment Expertise for Americans in Canada
• The Raymond James Advantage – Comprehensive Tax Reporting for U.S. Persons Residing in Canada
• Understanding Gift Tax: Your Obligations and When it Applies
• Consolidating Your TIAA Account
• Inheriting a Roth IRA: What You Need to Know
• The Thrift Savings Plan (TSP)
• The Top 5 Reasons to Keep Your IRA Instead of Transferring to an RRSP
• 60(j) Transfer: Should You Transfer Your U.S. Qualified Plan to an RRSP?
• What to Do as a U.S. Individual Inheriting Canadian Dollars
• The Implications of Using a U.S. Address on Investment Accounts When Moving Abroad
• Are you considered a Covered or Uncovered Expatriate?
• Required Minimum Distributions: FAQ
• Crossing Borders and Maximizing Investments: Navigating Your Finances
• Employee Stock Ownership Plan (ESOP): What you need to Know
• Restricted Stock Units (RSUs): A Comprehensive Guide
• FBAR (Foreign Bank Account Report): Top things to know about FBAR
• Why incorporated Business Owners should consider an Individual Pension Plan (IPP)
• BACKDOOR ROTH IRA – What Is It & When Does It Make Sense
• California Residents: Your Canadian retirement savings accounts DO NOT Grow Tax Free
• Understanding Inherited IRAs
• What To Do With Your U.S. Taxable Investment Accounts When You Become A Canadian Resident
• Why You Should Work with A Cross Border Financial Adviser
• Roth IRA: Moving To Canada with your Roth IRA
• Mistakes to Avoid When Moving to Canada
• U.S. Person Buying a Home in Canada
• Passive Foreign Investment Company (PFIC) and Why You Should Avoid Them
• 401(k) to IRA Rollover

The Thrift Savings Plan (TSP)
10.23.2023 // Planning & Retirement

Written by Carson Hamill CIM®, CRPC®, Associate Portfolio Manager and Assistant Branch Manager & Dean Moro BComm, CIM®, Associate Portfolio Manager

Planning for retirement is a significant aspect of your financial well-being, especially for federal government employees and uniformed services members. The Thrift Savings Plan (TSP) is a powerful tool designed to help these individuals secure their financial future. In this blog, we'll dive into what the TSP is, how it works, and whether these plans can be transferred to a rollover IRA when you leave your employer.

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The Top 5 Reasons to Keep Your IRA Instead of Transferring to an RRSP
10.05.2023 // Markets & Investing

Written by The Private Client Solutions group of Raymond James Ltd.

Are you a Canadian resident with a traditional U.S. Individual Retirement Arrangement (IRA) account? You may be thinking about collapsing your traditional IRA or transferring to an RRSP because you want to consolidate your assets in Canada. However, both of those actions are not necessarily in your best interest.

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60(j) Transfer: Should You Transfer Your U.S. Qualified Plan to an RRSP?
10.01.2023 // Markets & Investing

Written by Carson Hamill CIM®, CRPC®, Associate Portfolio Manager and Assistant Branch Manager & Dean Moro BComm, CIM®, Associate Portfolio Manager

Under certain conditions, Canadian residents can cash out a foreign pension plan such as a 401(k) and transfer the proceeds to a Canadian Registered Retirement Savings Plan (RRSP). Referred to as a 60(j) transfer, this strategy can be useful when you have relocated from the United States and do not intend on returning and it does not result in double taxation. But it may not be the only option for your U.S. qualified plan. In this blog we will discuss the 60(j) transfer and the implications that need to be considered. Note that this strategy is generally not appropriate for U.S. citizens due to double taxation. The following discussion is for non- U.S. citizens.

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