Message Font: Serif | Sans-Serif
No. of Recommendations: 0
good day all,
i am a us citizen living/working in canada. i have every intention of returning to the states sometime in the next few years.

i just heard of a thing called a departure tax, where canada will take a 25% (i think) bite out of my investments, even though i haven't actually received any capital gains return.

that hurts, it costs me a quarter of my net worth just to get out of canada!

to the point, is there any investment structure which would help minimize the tax implications of returning to the US? holding company, limited partnership, others?

in the same line of thinking, what would be the best option for managing investments in a cross border situation like mine? should the i hold the portfolio in canada as part of my personal estate, park it in the US in a holding co. etc. etc. etc.???

any information would be greatly appreciated.
Print the post  


In accordance with IRS Circular 230, you cannot use the contents of any post on The Motley Fool's message boards to avoid tax-related penalties under the Internal Revenue Code or applicable state or local tax law provisions.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.