PFIC update on Canadian mutual funds

Not an update in that the rules didn’t change, just an update in my reasoning. After reading the private ruling letter #200752029, my opinions tilts even towards the idea that Canadian mutual funds are not corporations and as such the PFIC rules shouldn’t...

US Estate Tax May be Payable by Canadians

All amounts in this article are in US dollars Canada-U.S. Tax Treaty Article XXIX B Taxes Imposed by Reason of Death A U.S. estate tax return must be filed if a deceased Canadian resident who is not an American citizen owned U.S.-situated assets exceeding $60,000 fair...
Read our FREE U.S. tax guide for Americans abroad

Read our FREE U.S. tax guide for Americans abroad

The only e-book about U.S international taxation, which you need to read as U.S. expat:

1. Learn how to save money and how to use additional tax credits

2. What is the danger of holding Controlled Foreign Corporation?

3. Why more and more people are renouncing U.S. citizenship?

Thanks for requesting our free tax guide! It will be delivered to your inbox shortly.