u/jyeatbvg

Hi all,

I’m a Canadian citizen living in the U.S. for ~5 years and moving back to Canada permanently in July.

I have a fairly large taxable brokerage account at Schwab holding mostly U.S.-listed ETFs/index funds. I spoke with Schwab today and they advised that once I become a Canadian resident, I’ll have to close the account / transfer the assets out.

I’m trying to figure out the best next step, especially because I was hoping to preserve the Canadian “step-up” in adjusted cost basis when I re-establish Canadian tax residency.

For those who have gone through this:
- Which broker did you transfer to?
- Did you do an in-kind transfer after moving to Canada?
- is it possible to stick with Schwab and not report my new address?