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Moving to Canada with a large IRA
Crossing the 49th — Cross-Border Tax & Financial Planning Podcast
Moving to Canada with a large IRA? If you have a low-income year before your move, there’s a powerful opportunity to convert traditional IRA funds into a Roth IRA — potentially saving hundreds of thousands in taxes over your lifetime.
In this episode, Phil Hogan walks through a real client example: a woman relocating from California with a significant IRA and projected RMDs of $250K–$300K/year. By converting before becoming a Canadian tax resident, those future distributions could be completely tax-free on both sides of the border.
What We Cover
Get in Touch
Have questions about your IRA, Roth conversion strategy, or upcoming cross-border move? Contact Phil directly at [email protected] or call 778-405-4453.
You can also book a complimentary consultation here (limitations apply).
Listen & Subscribe
Subscribe to Crossing the 49th on Apple Podcasts and Spotify.
Stay Connected
Disclaimer: This content is for informational purposes only and does not constitute legal, tax, or investment advice. Tax and financial planning rules change frequently and some information may be outdated. The views expressed are those of Beacon Hill Wealth Management Ltd. and may change without notice. Past performance is not indicative of future results. Investing involves risk, including possible loss of principal. Please consult a qualified cross-border tax and financial planning professional for advice specific to your situation.
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By Crossing the 49th
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Crossing the 49th — Cross-Border Tax & Financial Planning Podcast
Moving to Canada with a large IRA? If you have a low-income year before your move, there’s a powerful opportunity to convert traditional IRA funds into a Roth IRA — potentially saving hundreds of thousands in taxes over your lifetime.
In this episode, Phil Hogan walks through a real client example: a woman relocating from California with a significant IRA and projected RMDs of $250K–$300K/year. By converting before becoming a Canadian tax resident, those future distributions could be completely tax-free on both sides of the border.
What We Cover
Get in Touch
Have questions about your IRA, Roth conversion strategy, or upcoming cross-border move? Contact Phil directly at [email protected] or call 778-405-4453.
You can also book a complimentary consultation here (limitations apply).
Listen & Subscribe
Subscribe to Crossing the 49th on Apple Podcasts and Spotify.
Stay Connected
Disclaimer: This content is for informational purposes only and does not constitute legal, tax, or investment advice. Tax and financial planning rules change frequently and some information may be outdated. The views expressed are those of Beacon Hill Wealth Management Ltd. and may change without notice. Past performance is not indicative of future results. Investing involves risk, including possible loss of principal. Please consult a qualified cross-border tax and financial planning professional for advice specific to your situation.