Hi everyone,
So, I'm a Canadian who moved to the US for school and just married an American and will be getting my green card soon.
I have maxed out RSPs and TFSA, and a very nice rental property in Canada that I just sold.
What do I need to consider, especially tax-wise, now that I'm about to become a permanent resident? I've been told it can get pretty complicated to have investments on both sides of the border... I've even read some blogs suggesting I close out my Canadian tax-sheltered accounts.
I'm also curious what the best thing to do is with my big ol' lump sum from the sale of my property. I'd like to invest it until I'm ready to buy again (which won't be for a few years; my industry is pretty volatile) but would obviously like to minimize taxes on my sweet sweet Canadian nest egg.
Thanks in advance... oh, and I'm a relatively recent convert to Mustachianism, so I'd appreciate everything as layman-terms as possible :)