We all know our govts...no mater what country...are out to get everything they can from us..
the US is the only country to have this law...The article below is real BS for Americans living in Canada...have a read
http://www.calgaryherald.com/business/c ... story.html
Bottom line is if they work here..pay Income tax here then they could also pay income ta in the US..double whammy...if they sold their Canadian house they may be forced to pay capital gains in the US where as in Canada there is no Capital gains on a home if you live in it for a year. Other impications are also there.
Tip of the Governmental iceburg???
- CanuckHoss
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Tip of the Governmental iceburg???
CanuckHoss
Barry Radu, President Destination Cycles
Airdrie, Alberta Canada
"Just BE HAPPY!! BE HAPPY!! BE HAPPY!!"--Abraham
Barry Radu, President Destination Cycles
Airdrie, Alberta Canada
"Just BE HAPPY!! BE HAPPY!! BE HAPPY!!"--Abraham