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Moving to Canada with ROTH IRA, IRA and US investments at Vanguard

Question

Hi Phil,

Thank you for all the great youtube videos on tax as they have been quite useful in our research.… Read more...

What you need to know about the new Canada Housing Benefit program

UPATE: Applications are now open for the $500 Canada one-time housing payment. You can apply here and to be eligible you’ll need to meet the following criteria:

Canadians must meet all the following conditions to be eligible for the new benefit:

  • have filed a 2021 tax return;
  • be at least 15 years of age as of December 1, 2022;
  • be a resident in Canada in 2022 for tax purposes;
  • have an adjusted family net income of $20,000 or less for individuals, or $35,000 or less for families;
  • have paid at least 30% of their 2021 adjusted family net income on rent for their principal residence in the 2022 calendar year; and
  • be able to provide their 2022 address(es) and landlord’s contact information.
Read more...

Do I need to file in the US for a Canadian business?

Question

Hi Phil,

I’m a long time subscriber to your newsletter and Facebook group member.

While I have dealt with a lot of expat tax issues myself, I have a tough one which has stumped our accountant in Victoria (maybe she just doesn’t want to get into it)

My Canadian wife is in the process of hiring three contractors for her coaching business.… Read more...

American Expat Small-Business Owner Living in Canada – 5471 issues

Question

Hello!

I posted in your Reddit forum, but I realize I really need to reach out to you directly to see if perhaps you might be able to assist me, and I realize I’m in I think a bit over my head.… Read more...

Gifting Canadian RRSP to Children

Question

Phil,

I was born in Canada and was a citizen until 2019 when I became a US citizen. I have been outside Canada since 2000.… Read more...

How to Make the Move to Canada from the United States

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Are you considering a move to Canada from the United States? If so, there are a few things you’ll need to take into account before making the big move.… Read more...

Stats for American living and travelling to Canada

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NUMBER OF AMERICANS LIVE IN CANADA

Statistics from Immigration, Refugees and Citizenship Canada show a fairly steady increase in the number of people from the U.S.… Read more...

Help with cross-border investment questions

Question

Hi Phil,

I just watched your most recent Q&A video and I have a question for you:

My husband and I are both dual citizens living in Canada.… Read more...

Receiving a large inheritance – IRA and investments

Question

Hi Phil

My wife and I are dual citizens living in Victoria and also members of your Americans in Canada Facebook page.… Read more...