Moving back to Canada from Missouri
Hi David,
Will appreciate your advice on the situation bellow:
My mom-in-law is a Canadian citizen, has worked in Canada for 10 years then moved to USA and has just completed her 20th year of working in the US. She is going back to Canada and plans to stay there for the rest of her life. She’ll be getting pension from USA SSS and Missouri State. Is she entitled to Canada pension too? Is it an advantage for here tax-wise moving back to Canada?
Thanks a lot for your help.
-----------------------------------------------------------------------
david ingram replies:
After age 60, she is entitled to a Canada Pension Plan based upon the 10 years.
Then, at age 65, she will be elibible for an Old Age pension based upon the number of years she is/was in Canada after age18 / 40 x's the max pension.
She will be paying more tax in Canada because Canada taxes 85% of the US Social Security from the first dollar without the US SS exemption. �
Will appreciate your advice on the situation bellow:
My mom-in-law is a Canadian citizen, has worked in Canada for 10 years then moved to USA and has just completed her 20th year of working in the US. She is going back to Canada and plans to stay there for the rest of her life. She’ll be getting pension from USA SSS and Missouri State. Is she entitled to Canada pension too? Is it an advantage for here tax-wise moving back to Canada?
Thanks a lot for your help.
-----------------------------------------------------------------------
david ingram replies:
After age 60, she is entitled to a Canada Pension Plan based upon the 10 years.
Then, at age 65, she will be elibible for an Old Age pension based upon the number of years she is/was in Canada after age18 / 40 x's the max pension.
She will be paying more tax in Canada because Canada taxes 85% of the US Social Security from the first dollar without the US SS exemption. �
What's Related