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Relocation - Canada to US and Savings

7 years ago
Hello All,

I was wondering if there are any opinions on the best way to move savings from Canada to the US. We have recently moved back home and I think it makes more sense to have our savings where we currently reside. This negates the need to do a yearly FBAR for American Taxes and also, with a strong CAD, seems to make sense right now. Does anyone have any course of action that they recommend? Does it make sense to move it in general? It always seems like you take such a hit in the exchange but I don't see it getting much higher over the next 1 year or more. Any help is greatly appreciated.

Thanks!

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