When Heather, a Canadian nurse, marries Jack, an American doctor, she will have a number of loose ends to tie up before she moves to Chicago and gives birth to their child. Three cross-border experts offer their advice
Clients who hold U.S. citizenship may be unaware of certain tax consequences, says BMO tax expert.
Terry Ritchie, cross-border tax and estate planning expert, discusses how Americans living in Canada could be hit by a 3.8% surtax on passive income brought in under recent U.S. health care legislation. He spoke to Rudy Mezzetta, reporter with Investment Executive at the TMX Broadcast Centre in Toronto.
An extra hit on investment income for Americans, including those living abroad, could be a real source of financial pain
Many IRS measures specifically target foreign taxpayers meaning plenty of Americans in Canada will be impacted
U.S. taxpayers, including one million living in Canada, will have to file tax returns with the IRS for the last three years
Faced with a job opportunity in Houston, Tom and his wife, Sarah, should examine the implications that a move to the U.S. would have in the short, middle, and long term, as they plan to return to Canada upon retirement
With more clients heading for the sun, make sure you don’t execute orders that could run afoul of foreign securities laws
IRS likely to show some leniency, ambassador says
IRS tactics causing stress and fear among Canadians with dual U.S. citizenship