TRENT ROBINSON, CPA

What happens to your U.S. investment accounts when you move to Canada or vice versa?

In this podcast Trent Robinson sits down with Snowbirds US Day Tracker host Gerry Scott, to unpack the most common and costly mistakes people make when holding non-registered investment accounts across borders. From wrong tax slips to CRA audits arriving five years late, Trent breaks it all down in plain language.

What You’ll Learn

• Why holding a U.S. non-registered account as a Canadian resident can trigger serious tax complications
• The key difference between a U.S. “qualified dividend” and a Canadian “eligible dividend” — and why mixing them up is costly
• What happens when your U.S. financial institution doesn’t know you’ve moved to Canada
• The difference between a 1099 and a 1042-S tax slip — and why getting the wrong one creates a mess
• How CRA and the IRS share information — and why the delay can make things worse
• The $2,500/year penalty for failing to disclose foreign investments over $100,000
• Why some people don’t realize they’re U.S. citizens — and what that means for their tax obligations
• How much planning you should do before leaving the U.S. to return to Canada