Phew! We made it through another Winter. If you are like us you probably escaped for some time down south to warmer temperatures & sunshine. We have attached some articles below that we feel are beneficial before heading south. There are formulas to calculate your time allowed in the US, Information on renting or selling, and some tips, and references to border information. We want you to know that we are here for any questions, and can be reached at (403)317-4316 at any time or by email at jessica.mosby@rbc.com. We also have multiple partners who specialize specifically in regards to Canadians who travel. Together we are confident that any questions you may have we would be able to help.
 
Check out some of the link's below:
 

As a rule of thumb, if you spend more than four months (122 days) every year in the U.S., you will meet the substantial presence test after the third year and annually thereafter, and therefore you will be considered to be a U.S. resident alien. 
 
* Please see the formula below to calculate out your time spent in the US. For full article see "Canadian Snowbirds Beware". Remember everyone's scenario is different and a tax consultant should be contacted if you have further questions.

 

Formula

Add all the days you spent in the U.S. in the current year; 


plus

1/3 of the days you spent in the U.S. the first year before the current year;


plus

1/6 of the days you spent in the U.S. in the second year before the current year.