Hi Nicolas, I hope you are doing well. I wanted to ask for your advice about a USA/CANADA payroll. Recently, I have been hearing from recruiters at US-Based companies with some career conversations. I am wondering as a US-citizen/Canada Permanent resident if I was to start working full-time for...
Read moreWhat is FBAR (Foreign Bank Account Reporting)? The FBAR, also known as FinCEN Report 114, is a form that all “U.S. persons” are required to file if they possess financial assets of more than US$10,000. A “U.S. person” includes, but is not limited to, U.S. citizens (no matter where they reside)...
Read moreU.S. taxation for Canadian expats If you are a Canadian who works in the U.S., you would probably like to know more about your tax responsibilities in Canada. The first thing to establish is whether you are still a Canadian resident for income tax purposes. Your residency status in Canada is...
Read moreRenunciation of U.S. citizenship and U.S. taxation If you are a U.S. citizen residing in Canada, you are not doubt filing a U.S. tax return every year (if not, please consult our article on the Streamlined Foreign Offshore Procedure). You may be asking yourself whether it would not be better to...
Read moreThe Streamlined Foreign Offshore Procedure – a way to bring yourself up to date with the IRS If you are a U.S. citizen residing in Canada, you are obligated to file a U.S. tax return every year. This is true even if you were born in the U.S. but left many years ago and have
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