Clients who winter in the warmer U.S. states need to be aware of several important requirements in order to remain on the right side of U.S. and Canadian authorities. Owners of foreign property will have to take extra precautions
Cross-border tax practitioners are applauding a decision by U.S. tax authorities. Americans in Canada now will receive an automatic tax deferral on the income they earn within an RRSP or registered retirement income fund (RRIF) without having to make an annual tax filing. “Clearly, there’s no anti-avoidance going on with Americans owning RRSPs,” says Jamie […]
Terry Ritchie, director of Cross-Border Wealth Services with Cardinal Point Wealth Management, explains why it's important for snowbirds to keep count of their days in the U.S., particularly now that Canada and the U.S. are sharing more travel information on each other's citizens.
The U.S. Internal Revenue Service is eliminating Form 8891
Remind clients on how to avoid becoming a U.S. resident for income tax purposes
The revisions to the program are good news for Americans living in Canada
Relief expected for U.S. citizens living in Canada
Canadians who spend extended periods in the U.S. or own U.S. property may find this guide to be a valuable resource when it comes to avoiding the wrong side of the tax authorities
A Toronto couple - he's a U.S. citizen and she's Canadian - must take several crucial steps regarding their tax status. And their choice of retirement locations, whether in Canada or the U.S., will hinge on key financial factors
Ensure they pack a “border kit” and note provincial health-care limitations