581 plain-English guides on cross-border, each one ending in what to do next.
Page 19 of 25, newest first.
If you were born outside Canada to a Canadian parent, you may already be a Canadian citizen by descent.
Cross-BorderUS citizens in Canada file two returns but rarely pay two full tax bills. The short answer is no, not on most income.
Cross-BorderThe Canada-US tax treaty prevents double taxation by setting which country taxes each type of cross-border income and reducing withholding rates on.
Cross-BorderAn Employer Identification Number (EIN) is a nine-digit US federal tax identification number issued by the IRS to businesses, trusts, estates.
Cross-BorderFATCA requires foreign banks to report accounts held by US persons to the IRS and requires US persons to report foreign financial assets on Form 8938.
Cross-BorderForm 708 is the IRS return that implements IRC Section 2801, a tax on gifts and bequests received by US persons from covered expatriates.
Cross-BorderYou file it with your income tax return if your foreign financial assets exceed a threshold that depends on where you live and how you file.
Cross-BorderThe IRS has three years to audit your return, six years if you omit more than 25% of gross income, and no time limit for fraud or unfiled returns.
Cross-BorderYou become a Canadian taxpayer the day you settle, Canada resets your cost base to that day's value, and a US citizen keeps filing a US return for life.
Cross-BorderThe physical presence test requires 330 full days in a foreign country during any 12 consecutive months to qualify for the FEIE.
Cross-BorderCanada has no retirement visa, so you need permanent residence or a family connection. Social Security follows you, and so does the US tax return.
Cross-BorderWhen you leave Canada, your RRSP stays open. Contributions are deductible from income, investments grow tax-deferred, and withdrawals are taxed as income.
Cross-BorderA side-by-side comparison of the RRSP and 401(k) for cross-border taxpayers, covering contribution rules, tax treatment, and which account to prioritize.
Cross-BorderA Section 962 election lets a US individual pay the 21% corporate rate on CFC income and claim indirect foreign tax credits for Canadian corporate tax.
Cross-BorderSubpart F taxes passive and mobile income of a CFC directly to US shareholders, even without a distribution.
Cross-BorderThe Tax-Free Savings Account (TFSA) and the Roth IRA are the closest equivalents in their respective tax systems.
Cross-BorderHow the Canada-US tax treaty allocates taxing rights, sets withholding rates, and prevents double taxation on dividends, interest, pensions.
Cross-BorderYes, a US citizen can live in Canada. The immigration side is more open than most people expect: you can visit for up to six months without a visa.
Cross-BorderTen steps: sell Canadian-listed funds, settle retirement accounts, document arrival, file the Roth election, skip the TFSA, log the FBAR.
Cross-BorderA US client asked you for a W-9, but Canadians are not US persons. A US client sends you a W-9 to fill out.
Cross-BorderYour 401(k) stays in the US when you move to Canada. You can leave it, take distributions, or roll it into an RRSP.
Cross-BorderUnlike a Canadian returning home, you have no departure tax problem (that is a Canadian tax concept for people leaving Canada, not entering it).
Cross-BorderThe CCB is tax-free in Canada. For US citizens and green card holders in Canada, the question is whether it must be reported on the 1040.
Cross-BorderCanadian tax rates are higher at most income levels, but the real comparison includes provincial and state tax, sales tax, healthcare costs, and credits.