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Old 09-03-2011, 10:57 PM
 
255 posts, read 452,035 times
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I am a dual citizen of Canada and US. Since Canada's retirement age is 65 and US is 67 (in my case), is it possible to first apply for Canada's retirement plan from 65-67, then switch over to the US retirement plan?

Note I am collecting from only one system at any one time. Is there any legal implication from US and Canada?
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Old 09-04-2011, 08:52 PM
 
Location: Prescott Valley,az summer/east valley Az winter
2,042 posts, read 3,629,939 times
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Canadian system like US system are based on the taxes you paid into the system~ if you worked snd paid into the system you are welcome to use it~ if not no benefits are there for you.
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Old 09-05-2011, 07:37 AM
 
255 posts, read 452,035 times
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Quote:
Originally Posted by deckdoc View Post
Canadian system like US system are based on the taxes you paid into the system~ if you worked snd paid into the system you are welcome to use it~ if not no benefits are there for you.
Canada has a 3-tiered retirement system. Only the CPP requires you to contribute to receive benefits. The OAS and the GIS are age-based and need-based systems, respectively.
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Old 09-05-2011, 07:49 AM
 
Location: Toronto, Ottawa Valley & Dunedin FL
1,409 posts, read 2,356,695 times
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I think you can collect what you're entitled to in both countries. Not sure. My brother isn't a dual, but he had a green card for decades, and is now collecting CPP and SS (and will be collecting OAS soon.)
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Old 05-03-2019, 01:17 PM
 
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Maybe you all can help. Im looking at retiring in a couple years. I was born in Canada and paid into the Canada Pension plans for about 22 years so I have max credits. Ive been in the USA for about 28 years and I have maxed out on Social security credits too. My wife is in similar situation.
Although we love the USA, healthcare is a big drag on retirement funds.
What happens if we move back to Canada and retire there? Since we paid into both plans fully do we get to collect from both plans? Can anyone help?
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Old 05-03-2019, 01:24 PM
 
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Default Canadian born US Citiezen retiring back in Canada. What happens to Pension?

Quote:
Originally Posted by Wwanderer View Post
I think you can collect what you're entitled to in both countries. Not sure. My brother isn't a dual, but he had a green card for decades, and is now collecting CPP and SS (and will be collecting OAS soon.)
Thank you. That is encouraging! Any idea who I could contact to be 100% sure? An immigration lawyer?
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Old 05-03-2019, 03:34 PM
 
Location: Lakewood OH
21,698 posts, read 23,685,445 times
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Quote:
Originally Posted by atomicant View Post
Thank you. That is encouraging! Any idea who I could contact to be 100% sure? An immigration lawyer?
I would consult a tax attorney first.

My sister is a U.S. citizen and a landed immigrant living in Canada. She is collecting on both SS and CPP and I believe OAS as well.
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Old 05-03-2019, 04:45 PM
 
Location: VT; previously MD & NJ
2,211 posts, read 1,352,704 times
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Quote:
Originally Posted by atomicant View Post
Thank you. That is encouraging! Any idea who I could contact to be 100% sure? An immigration lawyer?
For the US side, go to SSA.gov (Social Security Administration).

If you will be retiring in the US, go to Medicare.gov for information on health insurance.
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Old 05-03-2019, 04:55 PM
 
14,264 posts, read 24,013,182 times
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For those who are wondering, there are a lot of people who "straddle the border" and have benefits on both sides of the border. I encountered this a great deal in the medical center where I worked in Detroit. Generally, I found those folks had things all planned out when they started working years before.

Personally, I would work with a tax attorney who is used to dealing with cross border issues which is pretty common if you live in one of the major cities OR live near a border city.
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Old 05-03-2019, 07:56 PM
 
Location: Cebu, Philippines
4,448 posts, read 1,689,855 times
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I collect from both systems, separately. Became eligible at different times, through separate processes.. Never had any problems. Never told one about the other, they never asked.

Doesn't matter where I live, direct deposit to my banks.
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