Top 5 US Tax issues for Canadians
The good bonding that Canadian citizens share with the US citizens cannot be denied, in spite of a long unguarded border between the two nations. However, cross-border taxation issues bother Canadian citizens. Notwithstanding tax treaties between the nations, each has a different set of tax rules. It becomes difficult to avert tax-traps for Canadians. Let’s shed some light on US tax issues, which Canadians are subject to! Is a Canadian citizen liable to pay US taxes? The premise of this blog is US taxes that may impose problems for Canadians. But it’s important to check if a citizen is ‘non-resident alien’ if viewed from an American perspective. International Revenue Codes trigger issues like citizenships, substantial existence in the neighboring nations and permanent lawful residency. Permanent Residency as evidenced by Green Cards triggers serious taxation issues. The problem has lingering imprints. One must seek advice from a US tax consultant in Toronto to get more valuable informa