Hi all I’m a Canadian finishing my senior year, and will be joining Apple as a new grad data scientist at their Cupertino offices. Will likely live in Cupertino to avoid a long commute. Curious what I should know about moving to the USA, whether tax, social or otherwise. I have some equities in a TFSA on questrade which I plan to liquidate and pay off my student loans, but besides that is there anyone else I should know? TC: 160k Also will have 50k USD cash after paying off my student loans
It's expensive to live in Bay Area, so plan on shared accommodation costs and pay off aggressively in your early years. Good luck!
I used a calculator and I have about 9k take home after taxes (108k per year). Also currently have 50k net worth (after paying off loans). I’m planning on living in Cupertino, I found lots of places that are less than 2.5k for studio or 1 bedroom. I don’t plan on having a roommate ever again.
Good... Take a look at the places in-person before you commit to that choice. I would suggest paying off the loans before you give yourself that luxury. It's all ok as long as you're aware of it.
Close the TFSA for sure, if you like an urban lifestyle I’d avoid Cupertino.
Agree there!
I hate a work commute more than I hate suburbia so I’m happy to live in Cupertino
Canadians can get TN visas. Unlike H1Bs there’s no quota for TN.
Yeah super grateful for the TN visa, otherwise I would be in the same boat as everyone else
Sorry for asking a counter question - but I am curious, how was the Data Science interview process like at Apple? Do you have a PhD?
What's the base salary for this TC?
$130k base, 120k RSU
Too less min is 200K base everywhere
How're ya now?
Feeling good. It feels weird not having to grind leetcode all the time though. Not sure what to do with this free time lol, have another 6 months before I graduate
I was hoping for a 'not so bad, n you?' but that works too.
In general, Canadian credit history isn’t recognized when you apply for cards in the US. However I got an American Express card while I was still in Canada and after I moved to the US had no problem getting a US American Express card. After that suddenly it seemed all the other banks could access my Canadian credit history
Cupertino is terrible. Highly recommend checking out another ‘burb that’s still easy to get to but not endless strip malls with no downtown of which to speak and no connection to public transportation. Campbell, for example, is pretty cheap and has a great downtown and has VTA.
I’d like to be able to walk to work. Don’t mind ordering Uber’s to get around.
How’s the commute from sf to Cupertino? Looking for suggestions on nearby shuttle stops to live that’s somewhat affordable and don’t mind trading space to live in SF.
Do it. Find yourself a cross border Canada and US tax accountant. It’s good move especially since the exchange rate is in your favor when earning USD.
Why are u liquidating your TFSA acc?
Apparently as a non resident you have to declare taxes in USA and IRS doesn’t care about your TFSA (I.e it’s not treated as a tax shelter) So better to liquidate it (according to what I read online)
Can you transfer TFSA to a relative or is it complicated? Don't go to a US tax accountant - they'll lookout for IRS and not you!