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...
GATCA is coming to town

GATCA is coming to town

As many of you know, the United States has implemented FATCA (Foreign Account Tax Compliance Act), requiring financial institutions around the world to report the names of their depositors who are US persons (hence potentially liable to pay US tax) – or else face a...

How can snowbirds avoid becoming US persons?

Hello snowbirds, Winter’s coming, time to move south. Will I become a US person subject to US taxation on my worldwide income? According to the domestic tax laws of the United States, the substantial presence test (“SPT”) is used to determine the residency...

Exceptions to the Substantial Presence Test

Hi, In the post Overstayed Your Welcome? “Substantial Presence” in the USA & Foreign Teacher, Student, Trainee or Government Employee in the US? How to Prevent US Taxation on Your Worldwide Income , Virginia La Torre Jeker J.D. describes the substantial presence...