International Tax, Cross-Border and Expatriate Tax Expert
for Individuals and Entrepreneurs
We recently moved to United States from Canada due to work and my U.S. employer is offering a 401(k) plan. I have a Canadian RRSP that I contributed to but I have no idea how 401(k) plan can help me? What is the difference between 401(k) and RRSP?
Both the 401k and the Canadian RRSP provide monetary savings for retirement.
Similarities:
Differences:
You can read more about each plan, contributions, and taxes here: 401k vs. Canadian RRSP