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Canadian moving to US

Set up an American Bank Account

  • I'm assuming that Ford will pay you in USD into an American BASED bank account. (not a Canadian based, USD bank account)
  • I'd recommend setting this up with RBC or TD https://www.rbcbank.com/index.html

Set up an American credit card

  • The US doesn't respect Canadian credit scores so you have to start from 0 credit score if you start fresh in the US
  • There are ways around this though: RBC and TD have American counterparts and if you sign up with them for a credit card, they are able to tell the American counterpart how good your credit is in Canada and then can use that as a basis for US Credit Card.
  • I set my things up with RBC Royal Bank (Canada). They set me up with a Canadian-based USD bank account. Then they set me up with a RBC Bank (also called Georgia Bank sometimes) (USA) bank account, which is a US-based USD bank account. They also set me up with RBC Visa Signature Black US Credit Card --> https://www.rbcbank.com/cross-border/us-credit-cards/visa-signature-black-card.html

Getting money to and from Canada, US

Taxes

  • I really don't know how this works for you because you're working in US but living in Canada.
  • In Canada we have RRSPs and TFSAs, however, the US doesn't recognize either of these so you have to liquidate TFSA prior to leaving Canada.
  • The US has 401Ks and IRAs.
  • An important thing to keep in mind is that Ford probably offers some type of retirement savings plan and you don't want to miss out on it, bc it's often just free money they give you.
  • https://www.wealthsimple.com/en-ca/magazine/canadians-in-america-invest

Phone number

  • I'm not sure. I think the US usually has better plans than Canada -- i.e. unlimited data at a cheaper amount.