My_question_is: Applicable to both US and Canada
Subject: Canadian Pension
Expert: taxman at centa.com
Date: Wednesday September 14, 2005
Time: 05:45 AM -0700
QUESTION:
I am moving to the US and marrying a US citizen. I have no property or
assets in Canada but receive CPP plus UK pensions ( I am 65). I have no
other source of income in Canada but intend to work in US. Will I be taxed
on my pension earnings here and/or in the US? I have canadian drivers
license, Ontario medical and car registered here. Do I give these up and
re-register my vehicle in US or does that not make a difference?
Do I have to declare US earnings to Canadian Government and be taxed on
them?
What is my best course of action to minimize taxes?
Many Thanks
==========================
david ingram replies:
The UK pension will only be taxable in the USA. If the UK pension is social
security, the UK social security is taxable in the US only under Article
XVII(3) of the US / UK Income Tax Treaty.
Both Canada Pension Plan and Canadian OAS (Old Age security) are only
taxable in your country of residence under article XVIII of the US/ Canada
Income Tax Convention and amending protocols.
If you have left Canada and are now a resident of the US, none of your US
earnings will be subject to Canadian Income Tax under Article IV of the US /
Canada In come Tax Convention. When you move to the US, your Ontario
Medical and Hospitalization plans officially cease to be effective after 90
days.
Depending upon what state you move to, you usually have about 30 days to get
a residential driver's licence.
I believe (but am not sure and someone might want to correct me) that your
Ontario motor vehicle licence is officially cancelled (even if you still
have it) when you have removed the car from Ontario after 60 days - please
do not take this as gospel. Check it yourself.
For instance, I just bought a car in Oregon and imported it into British
Columbia on Wednesday Sept 14 (yesterday morning).
When I bought it in Pendleton, Oregon on August 30th, the Oregon plates and
registration went with the car. The paperwork clearly showed that the
seller had ten days to notify the DMV (Department of Motor Vehicles) that he
had sold the car. I, the purchaser, had 30 days to register it in Salem
Oregon or at any Oregon DMV office.
To get the car into Canada, I had to fax the documents to the US border
office to get it officially exported. they had to have the paperwork for 72
business hours before I could export the car.
Then when I showed up at 1 AM, I found out that it could only be exported
between 8 AM and 3:30 PM at the Blaine office. Other crossings may be
different.
Get your facts straight before you go and realize that you should check with
the manufacturer of your car to be sure that your car qualifies to be
imported into the United States and if you happen to be moving to
California, it has to qualify for California Emissions as well.
===========
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