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Team Potential 9 Sales Contest Ideas for Maximum
Success in sales is rarely a solo endeavor. The “Collaborative Triumph” section underscores the significance of building a strong team dynamic and celebrating collective success. Jennifer’s insights provide a blueprint for fostering an environment where each team member feels valued and interconnected. The journey to sustained motivation is akin to a marathon, not a sprint. “Milestone Marathons” unveils strategies for crafting contests with extended durations, celebrating progress, and instilling a sense of persistence. Jennifer’s perspective on the long-term benefits of such contests emphasizes the importance of endurance in the pursuit of sales excellence. approach to personal development within the sales team transcends traditional contest structures. By investing in professional development and empowering personal success, teams are not only equipped with enhanced skills but are also motivated by a sense of personal achievement and growth.
Business
Moving from US to Canada: What Should You Know in 2025
Introduction
Moving to Canada as an American is a significant life change –Â legally, financially and personally. Whether you’re searching for a better quality of life, career prospects, or a new pace of life, knowing what it takes to move from the US to Canada is a complicated but important task.
As we enter 2025, more Americans are deciding to move to Canada than ever before, but moving across an international border requires effort and consideration beyond simply packing boxes. Between immigration rules, taxes and healthcare, it is important to understand the information outlined below before embarking on the next chapter of your life.Â
How to Legally Move to Canada
Although American citizens do not need a visa for short term travel to Canada, you will need to apply for the appropriate status – a work permit, study permit or permanent residency status – to be legally able to live or work in Canada.Â
Some options under the following immigration routes are:
- Express Entry (for skilled workers)
- Provincial Nominee ProgramsÂ
- Family Sponsorship
- CUSMA (previously known as NAFTA) work permits for professionals outside of skilled workers.
An overwhelming majority of Americans seeking to relocate to Canada long-term apply for permanent residency (normally after having lived in Canada several months under the other visa categories). After this, you are on the path to citizenship.
Here is some good news: both the US and Canada allow “dual citizenship,” so you do not need to give up your US passport!
Things To Remember While Moving From US to Canada
1. Tax Responsibilities in Both Countries
(Still Required to File U.S. Taxes)
U.S. citizens and green card holders should continue to file U.S. federal tax returns every year, regardless of where they live in the world, and they must report their global income.
There are avenues available to American taxpayers residing in Canada to help them avoid double taxation:Â
- Foreign Earned Income Exclusion
- Foreign Tax Credits
- Benefits of the tax treaty between Canada and the U.S.
- Canadian Tax Residency
Canada taxes residents based on where they reside, rather than on the basis of citizenship. If you spend more than 183 days in Canada in a year or establish significant residential ties to Canada (e.g. having a home in Canada or family), you will generally be deemed a Canadian tax resident and you will typically be required to file a tax return with the CRA.
2. Healthcare Access and Insurance
(Canada’s Public Healthcare System)
The healthcare system in Canada is a public health-care system available for permanent residents outside of Canada. However, newcomers are usually faced with a waiting period (usually up to 3 months) before their provincial health coverage can begin.
In the meantime, you will want private health insurance. Once you are covered, you will access medically necessary services such as doctor visits and hospitalizations. Keep in mind that dental, vision, and prescription drug coverage may require additional private insurance.
3. Social Security, Retirement, and Pensions
Canada and the US have a totalization agreement aimed at coordinating the contributions to Social Security and pensions. This agreement eliminates instances where you will be required to contribute to both systems simultaneously and helps identify eligibility for benefits from either country.
If you will receive U.S. Social Security benefits, they may or may not be taxable in Canada depending on your income amount. Similarly, a Canadian pension such as the CPP may result in tax implications with the U.S.
4. Housing, employment, and lifestyle considerations
(Finding a place to live)
Housing prices can vary drastically across Canada. Cities such as Toronto or Vancouver; however, all cities are incredibly desirable places to live. You may find smaller cities or rural communities are much more affordable.
If you have property in the U.S., you may want to note that selling property after you establish your tax residence in Canada may lead to
5. Working in Canada
Numerous Americans relocated to Canada in pursuit of employment. Nonetheless, certain professions mandated certification or licensing—like many fields of education, engineering, or healthcare.
If you intend to perform remote work for a U.S. employer while living in Canada, you may still need a Canadian work permit, and you will likely need to report your income to both countries’ tax entities.
6. Differences in the Price of Living
The cost of living in Canada can be higher than areas of the U.S., especially with regard to housing, food, and taxes. That said, plenty of expatriates make the switch, and they appreciate the benefits of moving to another country enough to offset the costs—like universal healthcare, better work-life balance, and greater safety.
Things to Do Ahead of Moving
When you are making preparations to relocate, keep in mind these practicalities:
- Apply as soon as possible to get the correct immigration status.
- Hire a cross-border tax advisor to discuss your dual obligations.
- Get private health insurance to cover you for your first few months.
- Inform U.S. institutions (banks, IRS, Social Security, etc.) that you are moving.
- Keep a good record of your move entry date, contracts, etc, keep all your travel receipts.
- Do not make significant financial moves before you move moving assets and withdrawals can trigger tax events with your IRS.
Final Thoughts: Make Your Move Knowledgeable
Moving from the U.S. to Canada can be a thrilling time but it can also be overwhelming! From sorting out your legal residency status, to filing taxes in two countries, to receiving health care services, there are many things to consider before crossing the border. With preparation and expert assistance, your move can be seamless, and you can begin your life in Canada with excitement.
However you’re moving to another country, for work, school, or personal reasons, knowing these nuances sooner rather than later can save you headaches later.
FAQs: Moving from US to Canada
Q1. If I become a Canadian, will I lose my U.S. citizenship?
No. Canada and the United States both allow dual citizenship and, therefore, both U.S. and Canadian passports.
Q2. Will I have to file U.S. taxes after I move to Canada?
Yes. U.S. citizens are required to file federal tax returns regardless of where they live.
Q3. Will I be able to receive health insurance right away?
Most provinces will have a waiting period before qualifying for public health insurance, so it is advised to have private health insurance to cover that waiting period.
Q4. Will my U.S. retirement accounts be taxed in Canada?
It would depend. The United States will typically recognize RRSPs, but not typically TFSAs. You’ll want to take action in advance and plan accordingly with a tax advisor.Â
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