The first 100 days are in the books for the Trump
administration. While many of us north of the bor- der feel
insulated from the comings and goings on south of the border, U.S.
tax rules may be a larger issue for many Canadians. This is because
while Canada taxes you based on residency, the U.S. taxes you based
on citizenship.
And considering that an esti- mated 1 million U.S. citizens live
in Canada, chances are that many of you (or someone you know) might
find this article of interest.
U.S. filing requirements
What does it mean then if you are a U.S. citizen living in
Canada? Even though you duly file your Canadian tax return and
report all of your income, you are still required to file a U.S.
tax return with the IRS and report all of your worldwide income
(even if none of that income is earned in the U.S.). Happily,
this does not mean that you're being taxed twice. The
Canada- U.S. Tax Treaty provides relief against such double
taxation by allowing you to
