Things are changing every day in the wake of COVID-19.
Unanticipated consequences have begun to cause a fury of questions
and unknowns. The below aims to address both the immigration
and tax concerns as it relates to those with assets and ties to
Canada and the US to help ease the stress of the uncertain
future.
Immigration Status and Laws
Do Canadians feeling 'trapped" in the United
States have to worry about losing their legal status in the US and
becoming an "overstayer"? While a multitude
of factors may be considered when deciding whether to travel, one
factor travelers should consider is the validity of their visitor
status. The government is unlikely to focus on overstays in
the immediate future due to the current worldwide circumstances,
however, every effort to remain compliant is still expected of all
non-US Citizens. Any overstays may come to light in the future when
Canadians try to travel. Alternatively, if Canadians decide to stay
in the US the