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U.S. Citizen moved to Canada, You are Required to file a Tax Return + Former IRS Agent Tax Help

December 16, 2010
Written by: steve

Fresh Start Tax

 

Canadian & U.S. Tax Issues

 

Question: I am a U.S. citizen. If I move to Canada to live and work there as a Canadian permanent resident, do I pay both U.S. and Canadian Taxes?

Answer: United States citizens living abroad:
Are required to file annual U.S. income tax returns.

Must report their worldwide income if they meet the minimum income filing requirements for their filing status and age.

Must contact the Canadian Government to determine whether you must file a Canadian tax return and pay Canadian taxes.

May be able to elect to exclude some or all of their foreign earned income, if certain requirements are met, or to claim a foreign tax credit if Canadian income taxes are paid.

Filed Under: IRS Tax Advice
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