Archive for 'Cross Border Tax Q&A'
US Citizen moving to Canada – Possible expatriation tax
Posted on 11. Nov, 2010 by Phil Hogan, CA.
Question Hello Mr. Hogan, I’ll be moving from California to Canada in February of next year and I just wanted to get a sense for any tax implications that I need to be considering before I make the move. Let me give you some background of my situation: I’m 59 years old. I’m married, with [...]
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Canadian non-resident selling property situated in Canada
Posted on 08. Nov, 2010 by Phil Hogan, CA.
Question I have owned a residence on Vancouver Island since 2003. I used it as a seasonal residence for myself and wife (our two sons were born in Canada) until 2007 when I took a Doctoral program in my field in Traditional Chinese Medicine in Victoria.for two years until 2009. Shortly before my student visa [...]
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Moving to the US from Canada – Tax implications
Posted on 07. Nov, 2010 by Phil Hogan, CA.
Question Hi Phil, Thanks for a well-written and timely article on US-Canada cross border tax issues. I am one of the many working professionals who is about to face the complications as described in your article (http://philhogan.com/cross-border-tax/tax-consequences-of-emigrating-leaving-from-canada/) A bit on my background: I am a Canadian permanent resident living in (Canadian Province) for the past [...]
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Canadian gifting money to their US citizen Son
Posted on 07. Nov, 2010 by Phil Hogan, CA.
Question Hello.. Can you please answer for me: I am Canadian, and my grown son lives in the USA, and recently became a US Citizen. If I “gift” him money (such as for a down payment on a house).. will he be required to report this on his taxes? I searched everywhere on the IRS [...]
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Canadian Corporation Doing Business in the US
Posted on 06. Nov, 2010 by Phil Hogan, CA.
Question I am an accountant in [Canadian city] and have tried to call the IRS to determine what my client will require in forms and cannot get to talk to a person. I found your name on the internet and would gladly pay for your expertise in just knowing what to fill out. Here is [...]
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US Citizen living in Canada going business in Canada and the US
Posted on 06. Nov, 2010 by Phil Hogan, CA.
Question Mr. Hogan I’m 59 years old and a US Citizen and Canadian Permanent Resident. For the last 10 years, I’ve been an employee of a US Management Consultancy, working entirely in the US for US clients while residing in [Canadian province]. I’d been advised by their cross-border tax advisors that income generated while working [...]
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Not filing for US purposes…in Canada for 48 years.
Posted on 06. Nov, 2010 by Phil Hogan, CA.
Question Just had a call from my father about filing US tax returns. I am a US citizen who has lived in Canada for 48 years. I want to contact the IRS, as I just learned that I should have been filing tax returns in the states for all these years. What do I do? [...]
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Gift to US resident taxpayer (US Citizen) from a Canadian Parent
Posted on 14. Oct, 2010 by Phil Hogan, CA.
Question Hello.. Can you please answer for me: I am Canadian, and my grown son lives in the USA, and recently became a US Citizen. If I “gift” him money (such as for a down payment on a house).. will he be required to report this on his taxes? I searched everywhere on the IRS [...]
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Cross Border Tax Q&A – Canadian with UK Pension
Posted on 21. Aug, 2010 by Phil Hogan, CA.
Question Dear Sir This year I am eligible to claim a UK state pension for myself and my wife (as a dependent). Over the last ten years, I have made voluntary contributions to the UK National Insurance, so as to maintain that eligibility for a pension. How do I offset the total cost of those [...]
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Cross Border Tax Q&A – Giving up a Green Card and US/Canada Taxes
Posted on 22. Jun, 2010 by Phil Hogan, CA.
Question Hello there My husband and I are planning on moving to Vancouver next year between October and December. My husband is a Citizen of the US and I am a Green Card holder. I’ll be receiving Social Security payment while in Canada and some investment income. I understand (from reading your website) that green [...]