February 10, 2019

Americans living in Canada: Be aware that the IRS is watching you

America requires its citizens to pay taxes even when those citizens being taxed are not living inside the borders of the United States of America. This can sometimes come as a surprise to some who move abroad or out of the country to Canada, but the Internal Revenue Service (IRS) is still keeping track of income and payments issued to its citizens, and expects every citizen to file a tax return and remit any taxes due. Even if you’ve not been back to America for years, you’re still required to file and pay.

“The IRS enforces many different tax rules on U.S. citizens living abroad. Here are five additional cross-border tax issues for Americans living in Canada.”

Read more: https://www.theglobeandmail.com/investing/personal-finance/taxes/article-americans-living-in-canada-be-aware-that-the-irs-is-watching-you/

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