Insights
-
When to use the W-8Ben Form?
You may have heard about the W-8 Ben form and wondered if U.S. Citizens are required to file it. The W-8Ben form is for Canadians receiving distributions from the U.S. If you are asked to complete a W-8 BEN form by an investment company such as T…
Learn More -
How to Avoid Double Taxation
U.S. citizens must file based on worldwide income and can use the earned income exclusion or foreign tax credits for taxes paid to Canada to avoid double taxation. Earned Income Exclusion The foreign earned income exclusion allows a bona fide…
Learn More -
Do I Need to File?
Every day I receive calls from people asking the same question: “As a United States (U.S.) citizen earning Canadian income, am I required to file a U.S. tax return?” The answer is Yes. U.S. citizens living in Canada are required to file a …
Learn More -
Canadians with US Rental Properties
If you are a Canadian citizen and own residential rental property in the US, you are subject to U.S. income tax on rental income you receive from your U.S. real estate property. 1. As a property owner you are required to report any rental income if …
Learn More
