Investments while moving to Canada?
I'm moving to Vancouver BC likely between Q4-21 and Q1-22. Those who made the move or planning to, how did you organize/optimize your finances in preparation for the move - specifically, 1. Did you have to move your investments to a Canadian broker? If so, how was the process and do you recommend anyone specifically? - Our individual investment accounts are with Fidelity, Charles schwab, Vanguard, TD Ameritrade and Robinhood. 2. Did you have to reset your cost-basis and pay US taxes before your move? 3. Are you leaving your social security contribution with the US or transferring credits to Canadian system? 4. How about 401K? (Spouse with Fidelity and I'm with Vanguard) We don't have house and all our investments are just stocks and mutual funds. I would like to stay invested in the US markets (passive index funds VTI) after the move. Would appreciate any other recommendations to make the move as smooth as possible. (Not a US citizen (obviously) if that matters) #investments #canada #workvisa
Following
#
Are you quitting your Google job or taking it with you?
Which company are you joining? Please share
I started talking to Amazon, Microsoft recruiters and still exploring startups and 100% remote jobs over there. Amazon seems to be the highest payer in Vancouver, but I don't care about pay anymore, so have lots of flexibility.
1. Yes- questrade 2. No. You can sell it later after moving or even after 2-3 years 3. That is when you retire not now 4. Left it as it is -you can roll it over to an RRSP(Canadian 401k) Questrade or interactive brokers gives full access to US markets. No big deal T all
Does Questrade or IB offer trading US stocks and options for no/less commissions?
Good to hear, thanks! Wouldn't it make taxation tricky if I sell after the move. I would imagine both the US and Canada claiming capital gains taxes. I checked with Fidelity, the rep wasn't very sure/clear but my impression was that I can't have Fidelity account once I'm non-resident (non-citizen).