Social Security and Medicare Deduction from Payroll

Hi All,

In regards to this Social Security deductions. My wife is on a H1B, will she be entitled to these earnings when she retires one day ? Whether it be in US or Canada? Only reason I'm asking is because I know a few Indian people(H1B holders) that were sent back to India and lost all their deductions. I guess as Canadians, these work visas really don't make a difference in terms of social security, correct ?

thanks!

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I know a few H1B's too who were sent back and they were trying to get the Social Security Deductions back and probably did.

Based on the agreement between Canada and USA, I think it should be easy to get the benefits, but this is assuming you do end up in Canada. I am not sure, for instance what happens if one ends up in Australia, for instance. I think that as long as one is a Canadian, it should not matter whether one has a Canadian address or not. If you have a Canadian address, it should not be a problem at all.

Hi all,
I will be working in USA as an H1B holder. I do not know how long will I work there, but my guess is that it may be no more than 10 years.
My question is that, my employer is giving me two options for retirement: defined benefit (10 years vesting) and defined contribution (1 year vesting).
Which plan would you choose if you were planning to come back to Canada and retire here?

This has nothing to do with the title of your question. You wil have SS and FICA deducted regrdless of the decision you make on your comapny pension.

Obviously, since it is highly unlikley that you will even be in the US, let alone be working for this firm, in 10 years, you should choose earliest vesting as possible.
In all likelihood, the firm will do away with the defined benefit plan within a few years anyways, as this is the trend.