Tax advisory
U.S. Citizens in Canada: Are you sure you don’t owe U.S. income tax?
The U.S. income tax filing requirements of U.S. citizens living in Canada has seen more than its fair share of press coverage in recent times. That said, despite the onerous personal income tax filing obligations and related foreign bank and financial account disclosure requirements imposed on U.S. citizens living outside of the U.S., few of these taxpayers end up owing U.S. income tax.
Mike Hayward
Feb 25, 2014