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I always try to remind people that how you approach cross-border tax is unique to your circumstances. Sometimes, it’s just easier to get detailed information from a cross-border CPA and Chartered Accountant who can answer ALL of your questions. If that’s you, let’s schedule a call to get you some help.
Do I have to pay tax for both the countries if I'm a dual citizen of Canada-USA?
Hi Mohammad, do dual citizens are liable to pay taxes for both countries. In recent times, I moved to the USA from Canada and also have dual citizenship for the countries. How do I have to go about the taxes?
Most often, you will need to pay some taxes in both countries, but it depends on your assets. Regardless, there are a few key things to look out for.
There are 3 Main Tax Issues Impacting Dual US-Canadian Citizens
– The financial reporting obligations beyond filing taxes for dual US-Canadian Citizens
– The obligations on US border cross-citizen tax-free accounts
– IRS Amnesty Programs for non-compliant US Nationals
