U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > World Forums > Canada
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 08-12-2007, 03:11 PM
 
41 posts, read 113,944 times
Reputation: 39

Advertisements

Does anyone have a dual citizenship US/Canada? What are the benefits and drawbacks?
Reply With Quote Quick reply to this message

 
Old 08-13-2007, 03:03 PM
 
Location: White Rock Valley - Dallas
197 posts, read 1,020,029 times
Reputation: 81
The only drawback near as I can tell is that I will always have ti file a US tax return no matter where I live.

Benefits? I can live or travel anywhere.
Reply With Quote Quick reply to this message
 
Old 08-14-2007, 10:12 AM
 
575 posts, read 2,727,992 times
Reputation: 253
I blieve if you live outside the U.S. for 6 months - year then you don't have to file a tax return. if you know otherwise could you post a link?
Reply With Quote Quick reply to this message
 
Old 08-14-2007, 05:33 PM
 
4,285 posts, read 13,639,865 times
Reputation: 3818
Quote:
13.1 Aliens and U.S. Citizens Living Abroad: Canadian & U.S. Tax Issues

I am a U.S. citizen. If I move to Canada to live and work there as a Canadian permanent resident, do I pay both U.S. and Canadian Taxes?

United States citizens living abroad are required to file annual U.S. income tax returns and report their worldwide income if they meet the minimum income filing requirements for their filing status and age.

From the IRS web site: Frequently Asked Questions - 13.1 Canadian & U.S. Tax Issues
Reply With Quote Quick reply to this message
 
Old 08-14-2007, 09:29 PM
 
Location: White Rock Valley - Dallas
197 posts, read 1,020,029 times
Reputation: 81
Quote:
Originally Posted by Cornerguy1 View Post
Yup... and HAS been for a long, long time.

FWIW, there's an amazing amount of born-US citizens around the world who will be in a heap of trouble on this, sooner or later...
Reply With Quote Quick reply to this message
 
Old 08-15-2007, 01:02 PM
 
50 posts, read 284,349 times
Reputation: 39
Default What the ####

How can the IRS make you file a tax return if you don't earn any income in the U.S.? Do they expect you to pay taxes on income earned in another country? Can anyone say double taxation?
Reply With Quote Quick reply to this message
 
Old 08-15-2007, 06:12 PM
 
575 posts, read 2,727,992 times
Reputation: 253
How can they make you pay taxes to a country in which your not living in and cannot recieve any benefit from?..I know there are people on this board who have lived around the world...any advice?
Reply With Quote Quick reply to this message
 
Old 08-16-2007, 12:41 AM
 
Location: Shallow alcove hidden from the telescreen
2,767 posts, read 9,346,953 times
Reputation: 1394
Quote:
Originally Posted by mrvgs View Post
How can the IRS make you file a tax return if you don't earn any income in the U.S.? Do they expect you to pay taxes on income earned in another country? Can anyone say double taxation?
As an American, you pay taxes based on citizenship -- not residency, the way modern countries do it.
Reply With Quote Quick reply to this message
 
Old 08-16-2007, 12:34 PM
 
50 posts, read 284,349 times
Reputation: 39
[quote=cre8;1290193]As an American, you pay taxes based on citizenship -- not residency, the way modern countries do it. [/QUOTE

So if that where true you would pay tax to Canada @ lets say 35% and then pay the US another 35% and that would leave you on say a salary of 50000.00 a year 15000.00 to live off of. Now why would anyone do that? If while you are in another country how would the US know how much you made if it does not get reported to them? Something doesn't seem right with that.
Reply With Quote Quick reply to this message
 
Old 08-16-2007, 12:54 PM
 
575 posts, read 2,727,992 times
Reputation: 253
I am a citizen of Italy..yet I do not have to pay income tax to Italy because I am currently not living there...many countries charge income tax A. if you are a resdient B. if you earn money in that country, but there are laws in place for not being double taxed...I guess the U.S. missed this part.
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > World Forums > Canada

All times are GMT -6.

2005-2017, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32 - Top