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12
Apr
2013

US beneficiaries require special estate plan

By David Christianson, BA, CFP, R.F.P., TEP

If you have children or other people living in the US who might be beneficiaries of your estate, read on.  I meet more and more Canadians who are in this position, whose children have moved to America and may inherit a large amount of money someday.
We will also review the rules on Canadian testamentary trusts, [...]

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Categories: Estate Planning, US Citizens, Wills

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12
Oct
2012

US citizens in Canada can vote, and setting your goals

By David Christianson, BA, CFP, R.F.P., TEP

US citizens in Canada can vote
Many US citizens died in past centuries defending the doctrine “No taxation without representation.”  Good news is that this doctrine is alive and well in 2012.
We have talked a lot about how US citizens around the world are required to file US income tax and investment account returns each year.  [...]

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Categories: Cross Border Issues, US Citizens

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27
Sep
2012

US Citizens in Canada can vote in US elections

By David Christianson, BA, CFP, R.F.P., TEP

No taxation with representation!  US citizens in Canada can have their say.
As the IRS continues to tighten its noose on US citizens living in Canada, some US citizens have remembered that the country was founded on the principal of no taxation without representation.  True to this word, the US does allow its citizens living abroad [...]

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Categories: Cross Border Issues, US Citizens

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21
Sep
2012

IRS announcement provides limited comfort

By David Christianson, BA, CFP, R.F.P., TEP

Filing requirements for US person in Canada still onerous
It is sure a good thing that we have done away with the ancient custom of shooting the messenger who bears bad news.  I would likely look like Swiss cheese from all the bullet holes.
On August 31, the Internal Revenue Service of the United States (the IRS) [...]

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Categories: Cross Border Issues, US Citizens

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6
Jul
2012

The IRS finally speaks

By David Christianson, BA, CFP, R.F.P., TEP

Late filing guidelines for US citizens in Canada clarified
The Internal Revenue Service (IRS) in the US has finally announced some clear guidelines for US citizens who live in Canada and are late on their tax filing requirements. These new guidelines are proposed to take effect September 1, 2012.
Good news for US citizens living in Canada [...]

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Categories: Market Commentary, US Citizens

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1
Jun
2012

IRS standing firm on taxing Americans in Canada

By David Christianson, BA, CFP, R.F.P., TEP

This article is for all US citizens living in Canada, especially those who are trying to bury their heads in the sand about filing their required US tax returns, and may be of special interest to conspiracy theorists.
Recall that the American tax system taxes on citizenship, not on residency, like the rest of the developed [...]

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Categories: Snow Birds, US Citizens

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2
Dec
2011

Good news for Americans living in Canada

By David Christianson, BA, CFP, R.F.P., TEP

Good news for Americans living in Canada
It appears that the IRS may have blinked, in the face of pressure from the Canadian government and the estimated 2 million American citizens living in Canada.
According to a Globe and Mail article published December 2, 2011, the American ambassador to Canada has said that the IRS will announce [...]

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Categories: US Citizens

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7
Oct
2011

Tax for US expats

By David Christianson, BA, CFP, R.F.P., TEP

David, 
I’m a US tax preparer with many expat clients — mostly in Latin America, a few in Canada.  One of my contacts sent me two of your articles from the Winnipeg Free Press.   They are excellent, and I hope you won’t mind if I pass them on:  I, like many others, have been flooded with [...]

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Categories: Tax - current issues, US Citizens

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16
Sep
2011

Kudos to Jim Flaherty in fighting back for Canadian residents with US history

By David Christianson, BA, CFP, R.F.P., TEP

This opinion editorial piece has appeared in several US newspapers.
Canada and the United States are neighbours and have long been the closest of friends.  We share a common border and we share many common values.
One of those values is fighting tax evasion. We believe in fair tax systems where everybody pays their share.
Many Canadians, however, have [...]

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Categories: US Citizens

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2
Sep
2011

IRS voluntary disclosure deadline looms for US citizens in Canada

By David Christianson, BA, CFP, R.F.P., TEP

There has been an amazing amount of publicity and hype in the last few weeks about the US Internal Revenue Service (IRS) and the August 31 deadline for US taxpayers – including those living in Canada – to participate in the latest IRS voluntary disclosure program.
Let’s try to sort through all the noise and lay [...]

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Categories: Tax - current issues, US Citizens

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