Tax on both sides of the border
Featured Personal Finance

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

U.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, […]

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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 […]

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WikiLeaks Putting Lives at Risk

The 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 […]