Foreign pensions

July 2022 – Canadians with foreign retirement or pension plans, who now live and plan to retire here, may wish to transfer their foreign plans to Canada, preferably as tax efficiently as possible. While there may not be opportunities to transfer these plans directly, there are steps that can be taken to achieve the end result, consolidate and simplify your sources of retirement income, have more investment control, and minimize the tax consequences. Be sure to get good advice.