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ARTICLE · 27 DECEMBER 2017

Personal U.S. Tax Changes

Collins Barrow National Incorporated
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On November 2, 2017, the Ways and Means Committee of the U.S. House of Representatives released a tax reform bill entitled The Tax Cuts and Jobs Act.

CanadaTax
Kevin Tippett
Kevin Tippett
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On November 2, 2017, the Ways and Means Committee of the U.S. House of Representatives released a tax reform bill entitled The Tax Cuts and Jobs Act. Since then, the House and Senate Tax Cuts and Jobs Act Conference Committee released its final version of the legislation that is expected to become law in the coming days. It is the most comprehensive U.S. tax reform in more than thirty years.

At just under 500 pages, the bill is quite lengthy. This article is not intended to cover all proposed changes, but we have created a "top 10 list" that addresses the more notable personal tax changes that might impact U.S. citizens (or green card holders) living in Canada. The changes will not take effect until after the 2017 tax year and many are expiring after 2025.

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