601 plain-English guides on cross-border, each one ending in what to do next.
Page 20 of 26, newest first.
FATCA 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. interest. Covers treaty provisions, foreign.
Cross-BorderThe Tax-Free Savings Account (TFSA) and the Roth IRA are the closest equivalents in their respective tax systems. Covers key rules, filing requirements,.
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. You are in Canada.
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. Covers key rules, filing requirements,.
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.
Cross-BorderIf you are moving to the US and your Canadian employer wants to keep you, the simplest approach from your employer's perspective is to keep you.
Cross-BorderIf you worked for a Canadian employer and earned a pension (defined benefit or defined contribution), and you now live in the US.
Cross-BorderWithout a W-8BEN, your US client must withhold 30% of what they pay you. With one claiming the treaty rate, withholding drops to 0%.
Cross-BorderCanada includes the full distribution in your income and gives you a foreign tax credit for the US withholding. Covers treaty provisions, foreign tax.