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US Citizen living in Canada

Discussion in 'Business & Tax Advice' started by xpro, Nov 1, 2009.

  1. xpro

    xpro Regular Member

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    I'm a US citizen living in Canada as a permanent resident, which country do I have to pay my taxes too? Do I have to tell the IRS about my income in Canada?

    Regards
     
  2. antisocial

    antisocial Newbie

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    Obviously you should consult a CPA that knows what they're doing instead of asking a forum for help. From what I know, I believe you are exempt from your first $80k made abroad from paying US taxes. As a permanent resident of Canada you owe Canada taxes. Sucks, but that's life. US is also the only country in the world that taxes their citizens while they're living abroad.
     
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  3. xpro

    xpro Regular Member

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    Thanks for your reply,

    I assume the best thing I can do is register a business name and put everything under that? Paying taxes to two countries really makes you end up with nothing.
     
  4. Boltblue

    Boltblue Registered Member

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    I'm a US citizen, been living and working in Canada for 3 years now and never paid any taxes to the US since I've been in Canada. Check this page answers your question:
    Code:
    http://www.hrblock.ca/services/us_citizens.asp
     
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  5. KSoze

    KSoze Power Member

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    Occupation:
    Full Time IMer 90% WH 10% BH
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    So Cal
    Do you guys get free health care ?

    Are you married to a Canadian citizen?
     
    Last edited: Nov 2, 2009
  6. Boltblue

    Boltblue Registered Member

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    Yea,,,but you get what you pay for...the higher taxes we pay up here are one way we pay and the longer wait for whatever ya need done is another way we pay.
     
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  7. KSoze

    KSoze Power Member

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    Occupation:
    Full Time IMer 90% WH 10% BH
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    Boltblue are you married to a Canadian?

    Waiting?

    Imagine people waiting for health care here in the US!
     
  8. Boltblue

    Boltblue Registered Member

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    Yea funny story, I met my Canadian wife online bout 10 years ago on ICQ and we became friends...one thing led to another and 3 years ago I moved up here and married her.

    I can't really dis the Canadian health care system,,,it has worked for me (but I am relatively healthy). I have seen friends have to wait for a long time tho for stuff like MRIs and procedures that you could get in the US really fast if you have any decent medical coverage...but enough about the Canadian health care system. I think we have hijacked the OPs thread...apoligize.