Canadian Citizenship Application... Should I Wait

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I have been in Canada for more than 3 years and I am eligible to apply for citizenship. My wife and kids need one more year to be eligible. I know that my kids are automatically granted citizenship if I am successful in my application because they are all under 18. My old passport from the country I originally came from is expiring in a couple of months. Since I plan to go to the US next next year. I am not sure if I should wait for my wife to have lived here 3 years or start the application for my citizenship or just renew my passport since I have multiple US entry visa. Any suggestions? Thanks.