U.S. Citizens in Canada InfoShop

2013 Jan 25 – Allentuck

Andrew Allentuck
Dual Canadian-U.S. citizens can conquer tax challenges
Financial Post (25 Jan 2013)


A Toronto family with income of up to $218,000 per year is said to face no serious problems in remaining compliant with two tax systems. The fatuous closing sentence says of the primary wage earner: “In the end, careful observance of rules of both countries will keep his tax bill to no more than what it would be in Canada without exposure to American taxes.” RESPs are mentioned, but not the excessively burdensome and expensive reporting requirements. Despite the couple’s intention to remain in Canada, no mention is made of their perhaps considering renunciation of U.S. citizenship.

Written by usxcanada

25 January 2013 at 6:00 am