Things to do before moving to US on work permit

Chriss Bell
New Member



Joined: 30 Sep 2004
Posts: 1
Location: toronto

Posted: Fri Oct 01, 2004 7:26 am

 

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Hi
I am a Canadian with valid H-1 visa to work in US. Planning to move to US for 5 to 6 years. Do I have to inform Canadian authorities about leaving country. If so, whom do I need to inform in Canada, do I have to surrender medical cards, driver's licence etc..
I have RESP funds for my children, do I need to stop depositing if I move to US?
Any information is appreciated.
Thanks

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Reba
Moderator


Canuck in NC

Joined: 16 Jul 2004
Posts: 967
Location: North Carolina

Posted: Sat Oct 02, 2004 5:26 pm

 

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check with a financial advisor here in Canada before you go to figure out what will be best for you to do. I had a meeting with one, free of charge, and we ended up deciding that it would be best for me to cash in my RRSPs, because of North Carolina state tax laws. Each state is different, so you need to find out before you leave what will be best. Also, go to the book store and find a book called "The Border Guide" its got lots of info for Canadians moving south of the border and what to do with money and such. I highly recommend it.

You'll have to notify your provincial health plan to let them know you're leaving, and they'll cancell your health card(s) at the end of the month that you leave (its illegal to continue your health benefits if you are no longer a resident of Canada, even if you plan to come back. When you come back you just notify them to reactivate it). You will need to file an "exit" tax record with Revenue Canada when next tax season comes along, otherwise you could get double dinged for taxes, and no one wants that

You will most likely have to surrender your Canadian driver's license with the State DMV when you get your new US license, check the DMV website for the requirements in the state where you're moving to, they're all different.

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