Relief May be on the Way — Tax on Both Sides of the Border

Relief May be on the Way -- Tax on Both Sides of the BorderU.S. citizens living in Canada not only have to file Canadian tax returns reporting their worldwide income, but they also have to file U.S. tax returns reporting the same income. That’s because the U.S. imposes taxes and filing requirements based on citizenship, not residency. To make matters worse, if the U.S. citizen holds a TFSA, RESP or RDSP, these accounts are not recognized as tax-preferred by the U.S. and the…

Read More >>

Flight Fee For U.S. Bound Canadians?

Flight Fee For U.S. Bound Canadians?Prime Minister Stephen Harper says there are better ways for Americans to raise money than to charge Canadians to get into their country. U.S. President Barack Obama wants to charge Canadians entering the U.S. by air or sea a $5.50 inspection fee, although private vehicles would be exempt. “They’re running deficits down there well over a trillion dollars a year,” Harper said Thursday. “Some 40 per cent plus of the…

Read More >>

WikiLeaks Putting Lives at Risk

WikiLeaks Putting Lives at RiskThe State Department has warned the whistleblowing website WikiLeaks that its expected release of classified U.S. documents would endanger countless lives, jeopardize American military operations and hurt international cooperation on global security issues. The department’s top lawyer urged WikiLeaks founder Julian Assange in a letter Saturday to keep classified documents off the website, remove records of them from its database and return any material to the U.S. government. Lawyer Harold…

Read More >>