Strategies for U.S. Citizens Living in Canada
U.S. citizens who reside in Canada face unique tax challenges because they are subject to tax reporting obligations in both countries. The United States taxes its citizens on worldwide income regardless of where they live, while Canada generally taxes residents on their global income. Careful planning is essential to avoid double taxation and to make use of cross-border opportunities.
With the right strategy, U.S. citizens living in Canada can take advantage of treaty protections, reduce tax inefficiencies, and protect their wealth. Professional guidance is especially important in this area, given the complexity of cross-border rules and the risks of non-compliance.
Please visit our Strategies for U.S. Citizens Living in Canada section for more information.
If your estate includes assets or beneficiaries in more than one country, please contact us. We can help you coordinate with legal and tax professionals to build an plan that protects your wishes, minimizes cross-border complications, and ensure your money is kept.
