I am currently considering moving to Canada (specifically Alberta), while remaining a United States citizen. However, I am struggling with estimating the financial consequences of the move. If you know of any resources that will help with will help with calculating the financial impact, please reference them in this thread.
My main issue is with taxation. I am struggling to find good references on the main tax considerations. Most of my assets are in 401ks or taxable US brokerage accounts, and it is not clear to me how these will be taxed, when I am a Canadian resident. It is also not clear how Canadian retirement savings accounts will be taxed by the US.
I have also heard that Canadian residents that leave Canada after 5 years must pay a tax on their net worth, when leaving Canada. However, I cannot find any mention of this when I google "Canadian Departure Tax".
